Ambac Corporation Announces Sale of Legacy Business Units to Oaktree Capital Management
Wednesday, 5 June 2024, 13:14
Ambac Sells Legacy Units to Oaktree for $420 million
Ambac Corporation has completed the sale of its legacy business units to Oaktree Capital Management for a substantial amount of $420 million. The strategic move is expected to help Ambac refocus its operations and streamline its financial structure.
This acquisition marks a significant shift in Ambac's corporate strategy towards enhancing shareholder value and optimizing its assets. The deal signifies a notable development in the financial landscape, signaling potential opportunities and shifts in the market dynamics.
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