Brief: Ambac Financial Group To Acquire Majority Stake In Beat Capital Partners
05/06/2024 12:27
June 5 (Reuters) - Ambac Financial Group Inc AMBC.N :
* AMBAC FINANCIAL GROUP, INC. TO ACQUIRE MAJORITY STAKE IN
BEAT
CAPITAL PARTNERS
* AMBAC FINANCIAL GROUP INC: TO ACQUIRE A 60% CONTROLLING
STAKE IN
BEAT CAPITAL PARTNERS LIMITED FOR APPROXIMATELY $282 MILLION
* AMBAC FINANCIAL GROUP INC: TRANSACTION WILL BE FINANCED
FROM
AVAILABLE CASH AND COMMITTED FINANCING
Source text for Eikon: ID:nBw1Zpbpna
Further company coverage: AMBC.N
((Reuters.Briefs@thomsonreuters.com;))
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