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Ambac Financial Group, Inc. (AMBC)

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Last Post: 8/12/2016 10:29:46 PM - Followers: 141 - Board type: Free - Posts Today: 0

 

 

  

http://www.ambac.com/


Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provide financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has double-A ratings from Standard & Poor's Ratings Services and Fitch, Inc. Moody's Investors Service, Inc. recently placed the triple-A ratings of Ambac Assurance on review for possible downgrade. Standard & Poor's maintains the ratings at credit watch negative and Fitch maintains a "negative outlook". Ambac Financial Group, Inc. common stock is listed on the New York Stock Exchange (ticker symbol ABK). 

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 Ambac Financial Group, Inc. ("Ambac Financial") Wed, Dec 21, 2011 5:11 PM EST announced that, in order to give Ambac Financial additional

time to negotiate a final settlement of its dispute with the Department of the Treasury - Internal Revenue Service, the voting deadline relating to the

Second Amended Plan of Reorganization of Ambac Financial, dated September 30, 2011 (the "Plan"), has been extended to January 30, 2012. In

addition, the Plan objection deadline has been extended to January 26, 2012 and the Bankruptcy Court hearing relating to the confirmation of the

Plan has been rescheduled for February 15, 2012.


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ABKFQ Ambac Nears $1B IRS Deal In Quest For Ch. 11 Exit


By Juan Carlos Rodriguez
Law360, New York (January 05, 2012, 5:18 PM ET) -- Bankrupt bond insurer Ambac Financial Group Inc. is close to finalizing a $1.1 billion resolution to a thorny tax dispute with the Internal Revenue Service, putting an exit from bankruptcy protection within reach, the company said Wednesday.

As part of the proposed deal, Ambac is offering to make a $100 million cash payment and forgo as much as $1 billion in potential tax write-offs related to prior losses. If the agreement is reached, it would remove one of the biggest obstacles to the company's reorganization....


http://www.law360.com/articles/297434/ambac-nears-1b-irs-deal-in-quest-for-ch-11-exit

 



 
 


 

 
 

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News News Alert: Ambac to Participate in KBW’s Bond Insurance Day Conference 09/28/2016 08:00:00 AM
PostSubject
#10057   Ambac: Undervalued Special Situation romanov5 08/12/16 10:29:46 PM
#10056   AMBC- adjusted book value/share at june 30,2016 romanov5 08/09/16 07:45:08 PM
#10055   Puerto Rico Halts Toll-Road Revenue Transfer to Save Enterprising Investor 05/19/16 01:07:35 PM
#10054   Puerto Rican Debt Crisis Is Coming to a Enterprising Investor 05/18/16 09:45:38 PM
#10053   Puerto Rico Bonds Snapped Up by Insurers as Enterprising Investor 03/11/16 10:03:33 PM
#10052   Short AMBC and all bond insurers. IMO. snowball12 07/16/15 09:10:15 PM
#10051   Ruthless company to say the least. RickNagra 07/31/14 10:43:23 PM
#10050   LMFAO...you me and a couple of million others!! andy e 10/02/13 06:00:22 PM
#10049   Woo-hoo I'm a billion-air!! Oh, wait... My shares are lipton_tea 08/27/13 10:22:07 PM
#10048   What did I miss? Can somebody bring bud_fox 07/11/13 04:53:17 PM
#10047   It is hard to assign a value IMO. dave_s 05/08/13 02:09:01 PM
#10046   Let's Discuss the Value of AMBC at Present joezapp 05/08/13 01:24:55 PM
#10045   So the new AMBC should have a pristine dave_s 05/07/13 11:25:03 AM
#10044   http://www.bloomberg.com/quote/AMBC:US Aserot 05/02/13 09:29:43 AM
#10043   The number of common s'holder lawsuits will be HERCULEAN/ lucky,mydog 05/02/13 06:59:47 AM
#10042   The number of common s'holder lawsuits will be kenbkb 05/01/13 10:47:00 PM
#10041   Ambac began trading on the NASDAQ today after mlkrborn 05/01/13 02:49:42 PM
#10040   Thanks for your response. Another stock for bdphan 05/01/13 11:35:57 AM
#10039   they probably will not be removed but the lucky,mydog 05/01/13 11:21:37 AM
#10038   A little confused. My broker still shows bdphan 05/01/13 11:16:02 AM
#10037   the holders of such stock will not receive lucky,mydog 05/01/13 10:23:48 AM
#10036   Ambac will remain a public company. The ABKFQ Renee 05/01/13 10:23:18 AM
#10035   Re-issued ? ..Im hearing stocks might be brony 05/01/13 10:03:01 AM
#10034   I remember, yet as recently as yesterday, the Hattori Hanzo 05/01/13 09:51:46 AM
#10033   It certainly means that shareholders who bought into Renee 05/01/13 09:50:40 AM
#10032   RIP ABKFQ. figone 05/01/13 09:41:22 AM
#10031   Gave one last good kick and now the shurtha2000 05/01/13 09:37:17 AM
#10030   Does that mean MOASS is imminent? :-D Hattori Hanzo 05/01/13 09:36:25 AM
#10029   ABKFQ: "In addition, all existing common stock of monda2frida 05/01/13 09:19:59 AM
#10028   existing shares are gone, new shares will be issued monda2frida 05/01/13 09:18:15 AM
#10027   New symbol...or gone? Caveat Emptor 05/01/13 09:16:56 AM
#10026   ABKFQ Ambac Financial Group, Inc. Common Stock 5/1/2013 monda2frida 05/01/13 09:03:58 AM
#10025   ABKFQ: Plan of Bankruptcy effective. All shares have Renee 05/01/13 09:03:41 AM
#10024   Ummmmm Deleted symbol........ Hattori Hanzo 05/01/13 08:47:01 AM
#10023   Nasdaq was given the order to start trading Turtle12 04/30/13 06:00:08 PM
#10022   got out... but yeah they will let need_monay_plox 04/30/13 05:46:18 PM
#10021   Pop hard until it is cancelled tomorrow ?? dave_s 04/30/13 03:26:22 PM
#10020   I'm willing to bet this is being shorted WillForeall 04/30/13 03:02:52 PM
#10019   ABKFQ really oversold, Going back to Pennies..Better Buy.. shadow101 04/30/13 02:21:58 PM
#10018   Depends on your strategy. I never invest Bill Tarson 04/30/13 09:03:49 AM
#10017   this will bounce tomorrow need_monay_plox 04/29/13 10:52:24 PM
#10016   I will be watching tomorrow if .006 area Scooter Henry 04/29/13 09:21:18 PM
#10015   I had one in December where the effective jamesnames 04/29/13 08:29:52 PM
#10014   You must not be able to read. jamesnames 04/29/13 06:09:01 PM
#10013   Your wrong- states in the plan upon emerge- Turtle12 04/29/13 05:59:24 PM
#10012   This could trade longer than you think. jamesnames 04/29/13 05:49:36 PM
#10011   OK...any info will help(rookie here)So in my brony 04/29/13 05:33:44 PM
#10010   Totally up to you. Personally, I'm usually Bill Tarson 04/29/13 02:35:30 PM
#10009   Wednesday Scooter Henry 04/29/13 02:35:26 PM
#10008   Any idea as to when the common shares Power of Emouna 04/29/13 02:34:50 PM
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