Old National Bancorp
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OLD NATIONAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF OLD NATIONAL BANCORP IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ONB
June 1, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Old National Bancorp (NASDAQ: ONB) and First Midwest Bancorp, Inc. is fair to Old National shareholders. First Midwest shareholders will receive Old National common stock in connection with the merger. Following completion of the transaction, former First Midwest stockholders are expected to collectively represent approximately 44% of the combined company.
The investigation concerns whether Old National and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Old National shareholders; and (2) disclose all material information necessary for Old National shareholders to adequately assess and value the merger consideration. On behalf of Old National shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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