Ambac Releases Statement Regarding Speculative Acquisition Report
December 08 2022 - 3:51PM
Business Wire
Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial
services holding company, released the following statement:
Ambac has become aware of a media report
indicating it is in discussions to acquire a financial guarantee
company. This report is inaccurate. Ambac is not engaged in an
acquisition process with any financial guarantee business.
Management is regularly evaluating the market
for opportunities to create value for shareholders and will update
investors as appropriate.
About Ambac
Ambac Financial Group, Inc. (“Ambac” or “AFG”) is a financial
services holding company headquartered in New York City. Ambac’s
core business is a growing specialty P&C distribution and
underwriting platform. Ambac also has a legacy financial guaranty
business in runoff. Ambac’s common stock trades on the New York
Stock Exchange under the symbol “AMBC”. Ambac is committed to
providing timely and accurate information to the investing public,
consistent with our legal and regulatory obligations. To that end,
we use our website to convey information about our businesses,
including the anticipated release of quarterly financial results,
quarterly financial, statistical and business-related information.
For more information, please go to www.ambac.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221208006048/en/
Investors: Charles Sebaski Managing Director, Investor Relations
csebaski@ambac.com
Media: Kate Smith Director, Corporate Communications
ksmith@ambac.com
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