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Stock impact report

Ambac Announces Closing Of Ballantyne Restructuring Following Irish And U.S. Court Approvals [Reuters]

Ambac Financial Group, Inc. (AMBC)  More Company Research Source: Reuters
US:NASDAQ Investor Relations: ir.ambac.com/investor-relations
PDF Ambac Financial Group Inc (AMBC.OQ) Key Developments | Reuters.com June 18 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES CLOSING OF BALLANTYNE RESTRUCTURING FOLLOWING IRISH AND U.S. COURT APPROVALS.AMBAC FINANCIAL GROUP INC - RESTRUCTURING ELIMINATES AMBAC'S $900 MILLION OF INSURED BALLANTYNE NET PAR EXPOSURE.AMBAC FINANCIAL GROUP INC - IMPACT OF TRANSACTION WILL BE INCLUDED IN Q2 FINANCIAL RESULTS..AMBAC FINANCIAL - TRANSACTION IS EXPECTED TO RESULT IN A NET LOSS PER DILUTED SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS OF BETWEEN $1.65 AND $1.90.AMBAC FINANCIAL GROUP - TRANSACTION IS EXPECTED TO RESULT IN DECREASE IN GAAP BOOK VALUE/SHARE OF BETWEEN $2.75 AND $3.00.AMBAC FINANCIAL GROUP - CONSUMMATION OF TRANSACTION IS EXPECTED TO RESULT IN ADJUSTED EARNINGS PER SHARE OF BETWEEN $2.65 AND $2.90. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provide [Read more]
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