Ambac Financial (AMBC) has provided an update.
Ambac Financial Group, Inc. has concluded a significant transaction, acquiring a majority stake in Beat Capital Partners Limited for nearly $278 million, a mix of cash and stock. A new Shareholders’ Agreement and Credit Agreement have been established, detailing put and call options for shares, director appointment rights, and a $150 million term loan facility to finance the acquisition and associated costs. These strategic moves aim to strengthen the company’s market position and promise an intriguing period of growth and opportunity for investors and stakeholders alike.
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