Ambac Shareholders Approve Sale of Legacy Financial Guarantee Business
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Business Wire
Approximately 95% of Votes Cast Approved the Transaction NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC), an insurance holding company, announced that at the special meeting of shareholders (the “Special Meeting”) held earlier today, its shareholders voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management, L.P. will acquire its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited (the “Sale” proposal).“We are pleased to reach this important milestone towards the completion of the Sale and thank our shareholders for their overwhelming support,” Ambac President and Chief Executive Officer Claude LeBlanc said. “The Sale represents a meaningful step in a robust and thorough process to maximize the value of our legacy financial guarantee insurance business and enable us to achieve our strategy to transform Ambac into a specialty property and casualty insurance plat
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News
- Ambac Financial Group Third Quarter 2024 Earnings: US$0.59 loss per share (vs US$1.45 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Inc (AMBC) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Inc (AMBC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase ProgramBusiness Wire
AMBC
Earnings
- 11/12/24 - Miss
AMBC
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- AMBC's page on the SEC website