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ARTHUR J. GALLAGHER & CO. ANNOUNCES POSSIBLE STOCK REPURCHASE

 ITASCA, Ill., July 13 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) today announced a continuation of the plan, originally adopted on May 10, 1988, to purchase shares of its common stock for reissuance in connection with its stock option plans. The repurchases will be made from time to time in compliance with the SEC's Rule 10b-18.
 The plan authorizes the repurchase of 1,330,000 shares through June 30, 1994, at such times and prices as the company may deem advantageous. A company spokesman noted, however, that there was no commitment or obligation on the part of the company to purchase any particular amount of common stock and that the plan could be suspended at any time at the company's discretion. On June 30, 1993, the company had outstanding 15,152,000 shares of its common stock.
 Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, and is traded on the New York Stock Exchange under the symbol AG.
 -0- 7/13/93
 /CONTACT: Michael J. Cloherty, vice president-Finance, Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co. ST: Illinois IN: INS SU:

JG -- DE016 -- 0991 07/13/93 15:31 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:202
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