Syncora Holdings Ltd. (fka SYCRF)

[Lincoln72]

Syncora Announces Commencement of Strategic Alternatives Process


03/04/19


HAMILTON, Bermuda, March 04, 2019 (GLOBE NEWSWIRE) -- Syncora Holdings Ltd. (the “Company”) today announced that its Board of Directors has commenced a formal review process to explore and evaluate strategic alternatives for the Company focused on optimizing shareholder value and returning capital to shareholders. These alternatives include, among other things, a sale of part or all of the Company or its wholly owned, New York financial guarantee insurance subsidiary, Syncora Guarantee Inc.


The Board of Directors is being advised by Moelis & Company LLC, its financial advisor, Debevoise & Plimpton LLP, its US legal advisor, and Appleby, its Bermuda legal advisor.