Beat joins Ambac Financial Group
Beat Capital Partners Ltd. (“Beat”), is pleased to announce that Ambac Financial Group, Inc. (“Ambac”) (NYSE: AMBC) will be acquiring a controlling stake of the company in a definitive agreement for approximately $282 million, up to $40 million of which will be paid in Ambac common stock. The transaction is expected to close in the third quarter of 2024, subject to regulatory approval.