ACE Bermuda Insurance Ltd. has agreed to sell 1,150,000 shares of Assured Guaranty Ltd. The proceeds of the sale will go to ACE.
“Following the closing of this offering and the related $150 million share repurchase that Assured Guaranty previously announced on December 7, 2006, ACE’s ownership in Assured Guaranty will be reduced to 19.2 million shares of Assured Guaranty’s common stock, or approximately 28 percent of outstanding shares,” said the announcement.
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
California AG Opposing Oil Pipeline Special Permit to Waive Safety Regulation 
