secwatch.observer — SEC 8-K summary
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Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001104659-24-122326
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National Bancorp to acquire Bremer Financial for $26.22 cash plus 4.182 ONB shares per Bremer share
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- Consideration per Bremer common share: $26.22 cash plus 4.182 shares of Old National common stock.
- Otto Bremer Trust, holding ~86% of Bremer shares, agreed to vote in favor under Trustee Voting Agreement.
- Old National entered forward sale agreement for 19,047,619 shares at $20.16 per share to help fund cash portion.
- Upon closing, Old National board will increase by one, appointing a trustee from Otto Bremer Trust.
- Transaction subject to Bremer shareholder approval, regulatory consents (OCC, Fed), and customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000110465924122326/0001104659-24-122326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000110465924122326/tm2429075d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122326

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