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Keyword: ambacfinancial

Ambac Misses Interest Paymen

11/01/2010 6:35:50 AM PDT · by NVDave · 10 replies
Wall Street Journal ^ | 11/01/2010 | Matt Jarzemsky

Ambac Financial Group Inc. warned that its board declined to make an interest payment and said it is negotiating plans for a prepackaged bankruptcy proceeding with senior debtholders. Shares dropped 48% to 43 cents in recent premarket trading...

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