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(Track Notes) Ambac Jumps 8%, Seeks Negotiated Restructuring Through Prepackage
Ambac Jumps 8%, Seeks Negotiated Restructuring Through Prepackaged Bankruptcy



08:23 AM Eastern Daylight Time, 06/10/2010 (MidnightTrader) -- Ambac (ABK) is
up in premarket action after it said in a regulatory filing on Wednesday that
it may seek a negotiated restructuring through a prepackaged bankruptcy as
liquidity may run out before Q211.

In addition, senior debt holders of the company have formed a committee to
nudge ABK toward a prepackaged bankruptcy plan, Reuters reports.


Price: 0.699, Change: +0.053 , Percent Change: +8.13

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