Old National to Merge With Illinois Bank insideindianabusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideindianabusiness.com Daily Mail and Mail on Sunday newspapers.
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SAN DIEGO, June 1, 2021 /PRNewswire/ Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of First Midwest Bancorp, Inc. (NASDAQ: FMBI) ( First Midwest or the Company ) breached their fiduciary duties in connection with the proposed sale of the Company to Old National Bancorp ( Old National ) (NASDAQ: ONB).
On June 1, 2021, First Midwest announced that it had entered into a definitive merger agreement with Old National. Under the terms of the agreement, First Midwest shareholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock owned. The exchange ratio, based on Old National s closing price on May 28, 2021, represents a total consideration of approximately $21.60 per First Midwest share.
Old National, First Midwest agree to $6 5 billion merger americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.