Ambac, Oaktree extend pact for Financial Guarantee business

5 hours ago 1
wooden blocks with "M and A" letters on financial documents, symbolizing mergers and acquisitions

Ambac Financial (NYSE:AMBC) stock surged 11% in Monday morning trading after extending the stock purchase agreement related to the sale of its legacy financial guarantee business to funds managed by Oaktree Capital Management to Dec. 31, 2025, from July 3, 2025.

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