secwatch.observer — SEC 8-K summary
======================================

Issuer:     OLD NATIONAL BANCORP /IN/ (ONB)
CIK:        0000707179
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001628280-24-005390
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Old National supplements merger proxy with financial data to address shareholder lawsuit
--------------------------------------------------------------------------------

- CapStar Street Forecasts: 2024 net income $28M, EPS $1.36, risk-weighted assets $3.0B.
- Old National Street Forecasts: 2024 net income $552M, EPS $1.84, risk-weighted assets $39.9B.
- One lawsuit filed in Tennessee Chancery Court seeking to enjoin the merger; demand letters also received.
- Morgan Stanley used Price/TBV multiples of 1.0x for CapStar and 1.3x for Old National in comparables analysis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707179/000162828024005390/0001628280-24-005390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707179/000162828024005390/onb-20240216.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer