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Reuters: Ambac raises $1.5 billion

Started by chris, March 07, 2008, 11:01:03 AM

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chris

Ambac raises $1.5 billion
      


NEW YORK (Reuters) - Bond insurer Ambac Financial Group Inc  said on Friday it sold $1.5 billion of shares and convertibles, protecting the company from ratings cuts but not satisfying some analysts who wanted the company to raise more.
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