WASHINGTON (dpa-AFX) - Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management, and consulting firm, Monday announced public offering of $8.5 billion of shares.
Gallagher also intends to grant the underwriters a 30-day option to purchase an additional $1.275 billion of shares.
The company intends to use net proceeds from the offering to fund its proposed acquisition of Dolphin TopCo, Inc., and for general corporate purposes.
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