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Ambac Financial Group shares rallied

Posted 11-05-2012 at 07:11 AM by marcitize12

Ambac Financial Group shares rallied Friday as investors reacted to a U.K. newspaper report that the embattled bond insurer may be acquired by Wilbur Ross, a billionaire investor who specializes in distressed companies and industries. Negotiations between Ross and New York-based Ambac are serious and progressing...

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