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BRIEF-Arthur J Gallagher & Co Signs Agreement To Acquire Assuredpartners
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BRIEF-Arthur J Gallagher & Co Signs Agreement To Acquire Assuredpartners
Dec 9, 2024 3:37 AM

Dec 9 (Reuters) - Arthur J. Gallagher & Co. ( AJG ):

* ARTHUR J. GALLAGHER & CO. ( AJG ) SIGNS AGREEMENT TO ACQUIRE

ASSUREDPARTNERS

* ARTHUR J. GALLAGHER & CO. ( AJG ) - TRANSACTION EXPECTED TO CLOSE

IN Q1

2025

* ARTHUR J. GALLAGHER & CO. ( AJG ): PROPOSED DEAL FOR NET

CONSIDERATION

ABOUT $12.45 BILLION

* ARTHUR J. GALLAGHER & CO. ( AJG ) - TO ACQUIRE ASSUREDPARTNERS FOR

$13.45 BILLION

* ARTHUR J. GALLAGHER & CO. ( AJG ) - EXPECTS $160 MILLION

SYNERGIES, $500

MILLION INTEGRATION COSTS

* ARTHUR J. GALLAGHER & CO. ( AJG ) - DEAL EXPECTED TO BE 10-12%

ACCRETIVE

TO GALLAGHER'S TRAILING 12 MONTH ADJUSTED GAAP EPS

* ARTHUR J. GALLAGHER & CO. ( AJG ): TO FINANCE DEAL WITH

COMBINATION OF

LONG-TERM DEBT, SHORT-TERM BORROWINGS, FREE CASH & COMMON EQUITY

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