Brown & Brown, Inc. Terminates Asset Purchase Agreement With Hauser
August 25 2020 - 5:15PM
Brown & Brown, Inc. (NYSE:BRO) today announced today that it
has terminated with immediate effect the previously announced
agreement to acquire the assets of HAUSER. The transaction
was expected to close in September 2020, subject to certain closing
conditions.
Brown & Brown, Inc. is a leading insurance
brokerage firm, providing risk management solutions to individuals
and businesses. With Brown & Brown’s 80 years of proven
success and thousands of teammates, we offer knowledge you can
trust and strive to deliver superior customer service. For
more information, please visit bbinsurance.com.
This press release may contain certain
statements relating to future results which are forward-looking
statements, including those associated with this acquisition. These
statements are not historical facts, but instead represent only
Brown & Brown’s current belief regarding future events, many of
which, by their nature, are inherently uncertain and outside of
Brown & Brown’s control. It is possible that Brown &
Brown’s actual results and financial condition may differ, possibly
materially, from the anticipated results and financial condition
indicated in these forward-looking statements. Further information
concerning Brown & Brown and its business, including factors
that potentially could materially affect Brown & Brown’s
financial results and condition, as well as its other achievements,
is contained in Brown & Brown’s filings with the Securities and
Exchange Commission. All forward-looking statements made herein are
made only as of the date of this release, and Brown & Brown
does not undertake any obligation to publicly update or correct any
forward-looking statements to reflect events or circumstances that
subsequently occur or of which Brown & Brown hereafter becomes
aware.
R. Andrew WattsChief Financial Officer(386)
239-7550
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