Arthur J. Gallagher Stock Drops 3% Amid Antitrust Review Of AssuredPartners Deal

(RTTNews) - Arthur J. Gallagher & Co. (AJG) is trading at $326.90, down 3.63 percent or $12.30, after announcing it received a second request for information from regulators regarding its proposed acquisition of AssuredPartners, Inc.

The stock opened at $338.58 and has traded between $322.11 and $339.48 today, down from a previous close of $339.20. Current volume stands at 2.30 million shares, slightly above the average volume of 2.20 million. The stock's 52-week range is $230.08 to $345.43.

This additional request extends the waiting period under the Hart-Scott-Rodino Act until 30 days after Gallagher complies, though the timeline may be adjusted by the parties or the antitrust agency.