Sunday, September 25, 2011 11:19:11 AM
As I see it there are three possible scenarios.
In one, shareholders do see something after the reorganization, as in Chemtura. You would still have a stake in the new company, but probably would have done better trading it on the way up.
In the second, you get cancelled and receive nothing, as happened with AbitibiBowater. That one seemed almost criminal to me as the company played quite the shell game with substantial assets.
In the third scenario, the shares are cancelled yet the ticker keeps on trading, like Circuit City. It would seem that this should have been cancelled long ago, but on it goes.
Cancellation of the commons might not be a foregone conclusion, but it doesn't look terribly hopeful here. Ambac hasn't caught a break with anything in the past few years.
Recent AMBC News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 01:52:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:03:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:40:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:20:45 AM
- Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P. • Business Wire • 06/05/2024 10:30:00 AM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:14:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:53 PM
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- Ambac to Release First Quarter 2024 Results on May 6, 2024 • Business Wire • 04/22/2024 12:30:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:28:50 PM
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