ACE to Sell 1.15 Million Assured Guaranty Shares to Banc of America
ACE Bermuda Insurance Ltd. has agreed to sell 1,150,000 shares of Assured Guaranty Ltd. The proceeds of the sale will go to ACE.
“Following the closing of this offering and the related $150 million share repurchase that Assured Guaranty previously announced on December 7, 2006, ACE’s ownership in Assured Guaranty will be reduced to 19.2 million shares of Assured Guaranty’s common stock, or approximately 28 percent of outstanding shares,” said the announcement.
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