Arthur J. Gallagher & Co. Acquires MGB Re; Terms Of The Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Arthur J. Gallagher & Co. has acquired MGB Re, a reinsurance firm based in Toronto, Ontario. The terms of the transaction were not disclosed.
January 16, 2024 | 2:12 pm
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Arthur J. Gallagher & Co.'s acquisition of MGB Re may strengthen its reinsurance division and potentially improve its market position in Canada.
Acquisitions typically have a positive short-term impact on the acquiring company's stock as they can lead to synergies, expanded market reach, and increased revenue potential. However, without the financial terms, the exact impact on AJG's stock is less certain.
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