Market Overview

Assured Guaranty Buys Back 5M Shares from WL Ross @$21.94/Share

Assured Guaranty Ltd. (the Company or, together with its subsidiaries,
Assured Guaranty) has agreed to purchase, as part of its previously
announced share repurchase program, 5 million of its common shares held
by Wilbur L. Ross, Jr. and funds managed by WL Ross & Co. LLC and its
affiliates (collectively, WLR). The purchase price of $21.94 per share
is a 3% discount from today's NYSE closing price. After this transaction
closes on June 5, 2013, WLR will hold approximately 14.9 million (or
approximately 8%) of the Company's remaining shares outstanding, a
position valued at approximately $336 million.

“Wilbur Ross is a great supporter of Assured Guaranty as both a
significant investor and director,” said Dominic Frederico, president

See full press release

Posted-In: News Guidance Contracts Management Global

 

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