Simpson Thacher Represents J.P. Morgan as Financial Advisor to Bremer Financial Corporation in Acquisition by Old National Bancorp
12.02.24
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The Firm is representing J.P. Morgan Securities LLC as financial advisor to Bremer Financial Corporation (“Bremer”) in connection with Bremer’s proposed acquisition by Old National Bancorp (“Old National”) in a cash-and-stock transaction valued at approximately $1.4 billion. Bremer shareholders will be entitled to receive $26.22 per share in cash and 4.182 shares of Old National common stock. The transaction is anticipated to close in the middle of 2025, subject to Bremer shareholder approval, regulatory approvals and other customary closing conditions.
Bremer is a regional financial services company providing a comprehensive range of banking, mortgage, investment, wealth management, and insurance products and services throughout Minnesota, North Dakota and Wisconsin. Old National is a commercial bank providing consumer and commercial banking, wealth management and capital markets services to clients primarily in the Midwest and Southeast.
The Simpson Thacher team includes Jakob Rendtorff, Matthew Nemeroff and Luca Tomasi (M&A).