From Nasdaq: 2025-06-10 23:34:00

Brown & Brown Inc. priced a public offering of 39.22 million shares of common stock at $102.00 per share, totaling $4 billion. The offering is set to close on June 12, 2025, with an option for underwriters to purchase an additional $400 million in shares. The company expects to receive around $3.9 billion in net proceeds after deducting expenses. The funds will be used for the acquisition of RSC and general corporate purposes if the transaction does not occur. This move aims to support Brown & Brown Inc.’s expansion and strategic growth plans.



Read more at Nasdaq: Brown & Brown Announces Pricing Of Public Offering Of About 39.22 Mln Shares At $102.00/shr