Ambac to float $1.5 billion in offerings
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
In a last-ditch effort to save its triple-A ratings, Ambac Financial Group Inc. yesterday said that it would offer $1.5 billion in public offerings.
The New York-based municipal bond insurer has spent the last few weeks in talks with insurance regulators and Wall Street banks on methods to raise c
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