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Best’s News & Research Service subscription required - June 05, 2024 04:34 PM (EDT)

Ambac to Buy 60% Stake in Beat and Sell Legacy Financial Guarantee to Oaktree

Ambac Financial Group Inc. has agreed to back-to-back deals to acquire a 60% stake in Beat Capital Partners for about $282 million and to sell its legacy financial guarantee businesses to funds . . .

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