AJG To Raise $387 Mill for Acquisitions
NU Online News Service, March 27, 9:13 a.m. EST?Arthur J. Gallagher is seeking to raise more than $387 million for insurance agency and brokerage acquisitions by selling 12 million shares of common stock.
In a prospectus filed with the Securities and Exchange Commission yesterday, the firm said it is seeking approval for the sale. The company has received no approvals and has not designated anyone to be the agent for the sale, the prospectus said.
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