ROLLING
MEADOWS, Ill., Dec. 11,
2024 /PRNewswire/ -- Arthur J. Gallagher &
Co. (NYSE: AJG) ("Gallagher") today announced the closing of
its public offering of 30,357,143 shares of its common stock at a
price to the public of $280.00 per
share. In connection with the public offering, Gallagher
granted the underwriters a 30-day option to purchase up to an
additional 4,553,571 shares of its common stock at the same public
offering price. 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.
Evercore ISI, BMO Capital Markets Corp., Goldman Sachs & Co.
LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Dowling
& Partners Securities, LLC, Jefferies LLC, Keefe, Bruyette
& Woods, Inc., Piper Sandler
& Co., Raymond James &
Associates, Inc., RBC Capital Markets, LLC, TD Securities
(USA) LLC, Truist Securities,
Inc., UBS Securities LLC, Wells Fargo Securities, LLC, William Blair & Company, L.L.C., Nomura
Securities International, Inc., and WR Securities, LLC are acting
as co-managers for the offering.
The public offering was made pursuant to an automatically
effective shelf registration statement on Form S-3 filed with the
Securities and Exchange Commission (the "SEC") on December 9, 2024. A final prospectus
relating to the offering dated December 9,
2024 has been filed with the SEC and is available on the
SEC's website at http://www.sec.gov. Copies of the final
prospectus relating to these securities may be obtained from (i)
Morgan Stanley & Co. LLC, by mail at 180 Varick Street, 2nd
Floor, New York, NY 10014,
Attention: Prospectus Department; or (ii) BofA Securities, Inc., by
mail at NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255, Attention:
Prospectus Department, or by telephone at (800) 294-1322, or by
email at dg.prospectus_requests@bofa.com.
In addition, Gallagher announced that the investor meeting with
management, which was previously scheduled on Tuesday, December 17th from
8:00 am until 12:00 pm, was
canceled.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any of the common stock or any
other security of Gallagher, nor shall there be any sale of the
common stock in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Arthur J. Gallagher
& Co.
Arthur J. Gallagher & Co., a
global insurance brokerage, risk management and consulting services
firm, is headquartered in Rolling
Meadows, Illinois. Gallagher provides these services
in approximately 130 countries around the world through its owned
operations and a network of correspondent brokers and
consultants.
Investors: Ray
Iardella
|
Media: Paul
Day
|
VP - Investor
Relations
|
Communications
Manager
|
(630) 285-3661/
ray_iardella@ajg.com
|
(630) 285-5946/
paul_day1@ajg.com
|
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SOURCE Arthur J. Gallagher &
Co.