ACNB provides supplemental disclosures for Traditions merger after shareholder demand letters

ACNB CORP

Five shareholder demand letters received by ACNB, two by Traditions, alleging inadequate proxy disclosures; company denies merit but will supplement.
Piper Sandler advisory fee of $725,000 ($100k payable at signing, remainder contingent); $250k fairness opinion not requested.
Hovde received $250,000 opinion fee for fairness opinion; no additional contingent compensation.
Supplemental disclosures include detailed financial projections for Traditions and combined company through 2029, and updated peer group data.

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