secwatch.observer — SEC 8-K summary
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Issuer:     BROWN & BROWN, INC. (BRO)
CIK:        0000079282
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0000950170-25-102316
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brown & Brown closes $9.825B acquisition of Accession Risk Management Group
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- Total purchase price $9.825B; net merger consideration ~$4.7B ($3.5B cash + $1.2B stock).
- Stock consideration valued at $110.57 per share; unregistered shares issued under private placement.
- Lock-up: 20% released on 2nd, 3rd, 4th anniversaries; 40% on 5th anniversary.
- Accession includes Risk Strategies and One80 Intermediaries brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/79282/000095017025102316/0000950170-25-102316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/79282/000095017025102316/bro-20250801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-102316

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer