SPY421.97-0.14 -0.03%
DIA338.65-2.11 -0.62%
IXIC14,161.35+121.67 0.87%

Arthur J. Gallagher & Co Unveils 9 Million Common Stock Offering

05/12/2021 05:52

09:43 AM EDT, 05/12/2021 (MT Newswires) -- Arthur J. Gallagher & Co (AJG) disclosed Wednesday a common stock offering of 9 million shares, with an additional purchase option for 1.35 million shares exercisable within 30 days.

Net proceeds will be used to fund a part of its previously unveiled acquisition of certain reinsurance, specialty and retail brokerage operations from Willis Towers Watson plc.

Price: 148.37, Change: -0.09, Percent Change: -0.06