01:45 PM EST, 12/11/2024 (MT Newswires) -- Arthur J. Gallagher ( AJG ) closed Wednesday its public offering of nearly 30.4 million common shares at $280 per share for a total of about $8.5 billion.

The underwriters were granted a 30-day option to purchase additional shares of up to about 4.6 million, the company said.

Arthur J. Gallagher ( AJG ) previously said net proceeds would be used to fund part of the cash consideration for the company's acquisition of AssuredPartners.

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