Old National Bancorp (ONB) has disclosed a new risk, in the Corporate Activity and Growth category.
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The failure to complete the Merger could have several negative repercussions for Old National Bancorp, including adverse market reactions and potential client and employee dissatisfaction. Management’s focus on the Merger may have caused the company to miss other beneficial opportunities, and the anticipated benefits of the Merger would remain unrealized. Additionally, the market price of Old National’s common stock might decline if current prices reflect an expectation of the Merger’s success. The company would also have to absorb significant expenses related to the Merger’s negotiation and preparation, without any offsetting benefits, and could face litigation if the Merger is not finalized.
Overall, Wall Street has a Strong Buy consensus rating on ONB stock based on 5 Buys and 1 Hold.
To learn more about Old National Bancorp’s risk factors, click here.
