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.
First Midwest Bancorp merging with Old National Bancorp of Indiana - Minneapolis / St Paul Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Operator
Good morning, ladies and gentlemen, and welcome to the First Midwest Bancorp 2021 First Quarter Earnings Conference Call. Following the close of the market yesterday, First Midwest released its earnings results for the first quarter of 2021 and issued presentation materials that will be referred to during the call today.
During the course of the discussion, management s comments and the presentation materials may include forward-looking statements and non-GAAP financial information. The Company refers you to the forward-looking statement, non-GAAP and other legends included in its earnings release and presentation materials, which should be considered for the call today. [Operator Instructions]
Following the presentation by Mike Scudder, Chairman and Chief Executive Officer; Mark Sander, President and Chief Operating Officer; and Pat Barrett, Executive Vice President and Chief Financial Officer, the call will be opened for question and answers for analysts only.