Brown & Brown, Inc. announces pricing of $4 billion offering of common stock
1. Brown & Brown is offering 39.2 million shares at $102 each. 2. The $4 billion offering closes on June 12, 2025, pending conditions. 3. Proceeds will partly fund the acquisition of RSC Topco, Inc. 4. The deal may increase Brown & Brown's debt significantly. 5. Key underwriters include J.P. Morgan and BofA Securities.