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ARTHUR J. GALLAGHER & CO. ANNOUNCES POSSIBLE STOCK REPURCHASES

 ARTHUR J. GALLAGHER & CO. ANNOUNCES POSSIBLE STOCK REPURCHASES
 ITASCA, Ill., July 15 /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 980,000 shares through June 30, 1993, 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, 1992, the company had outstanding 13,497,000 shares of its common stock.
 Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca.
 -0- 7/15/92
 /CONTACT: Michael J. Cloherty, vice president-finance of Arthur J. Gallagher & Co., 708-773-3800/
 (AJG) CO: Arthur J. Gallagher & Co. ST: Illinois IN: INS SU:


SM-KW -- NY058 -- 9550 07/15/92 12:37 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
Words:197
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