Ambac Financial Group Signed A Definitive Agreement To Acquire A 60% Controlling Stake In Beat Capital Partners Limited For About $282M, Up To $40M Of Which Will Be Paid In Shares Of Ambac Common Stock And Remainder Will Be Paid In Cash
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Ambac Financial Group has signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited for approximately $282 million. Up to $40 million of this amount will be paid in shares of Ambac common stock, with the remainder paid in cash.
June 05, 2024 | 10:34 am
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Ambac Financial Group is acquiring a 60% controlling stake in Beat Capital Partners Limited for $282 million, with up to $40 million paid in shares and the rest in cash.
The acquisition of a controlling stake in Beat Capital Partners is a significant move for Ambac Financial Group, likely to positively impact its stock price in the short term. The deal involves a substantial investment, indicating confidence in future growth and expansion.
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