other material
confidence high
sentiment neutral
materiality 0.45
Arthur J. Gallagher renews equity program for acquisitions with 3M ATM and 7M S-4 shelf
Arthur J. Gallagher & Co.
- Filed S-4 shelf registering 7M shares for acquisitions, plus 2M remaining from prior shelf.
- Established ATM program to sell up to 3M shares via Morgan Stanley; proceeds for acquisitions or general corporate.
- Company retains $1.5B stock repurchase authorization; no obligation to issue or sell shares.
- Morgan Stanley acts as sales agent; sales at market prices through ordinary brokers' transactions.