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0.00473556861389563 0.0110611821638437 0.0197027307293467 0.0160387141375734 0.0114068441064639 0.017732457656412 0.0226408572416177 0.0162461113031455
Stock impact report

Arthur J. Gallagher & Co. Announces $8.5 Billion Common Stock Offering

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: PR Newswire
ROLLING MEADOWS, Ill., Dec. 9, 2024 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher") today announced an underwritten public offering of $8.5 billion of its common stock.  Morgan Stanley & Co. LLC is acting as lead active book-running manager and BofA Securities, Inc. is acting as active book-running manager for the offering.  Gallagher also intends to grant the underwriters a 30-day option to purchase an additional $1.275 billion of shares of common stock from Gallagher.Gallagher intends to use the net proceeds of this offering to fund a portion of the cash consideration payable in connection with its previously announced proposed acquisition of Dolphin TopCo, Inc., the holding company of AssuredPartners, Inc. (the "Transaction") and, to the extent that any proceeds remain thereafter, or if the Transaction is not completed, for general corporate purposes including other acquisitions.  In addition to the net proceeds from this offering, Gallagher expects to use avail Show less Read more
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