Arthur J. Gallagher (AJG) Announces Proposed 9M Share Common Offering
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Arthur J. Gallagher & Co. Announces Common Stock Offering of 9,000,000 Shares
May 12, 2021 8:49 AM EDTROLLING MEADOWS, Ill., May 12, 2021 /PRNewswire/ --Â Arthur J. Gallagher & Co. (NYSE: AJG) ("Gallagher") today announced an underwritten public offering of 9,000,000 shares of its common stock. Morgan Stanley is acting as sole book-running manager for the offering. Gallagher also intends to grant the underwriters a 30-day option to purchase an additional 1,350,000 shares of common stock from Gallagher.
Gallagher intends to use the net proceeds of the offering to fund a portion of its previously announced acquisition of certain Willis Towers Watson plc reinsurance, specialty and retail brokerage operations (the... More
