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home / news releases / MBI - MBIA jumps on speculation of takeover talks with rivals

MBI - MBIA jumps on speculation of takeover talks with rivals

MBIA Inc.

  • MBIA ( NYSE: MBI ) rose 10% on speculation that the company has been approached by its rival for a takeover.
  • Assured Guaranty ( NYSE: AGO ) and Ambac Financial ( NYSE: AMBC ) made bids for MBIA and the talks are said to be in advanced stage, according to a Street Insider item.
  • The report comes after MBIA disclosed last month that it had retained Barclays as an advisor and has been working with them to explore strategic alternatives, including a possible sale of the company.

For further details see:

MBIA jumps on speculation of takeover talks with rivals
Stock Information
Company Name: MBIA Inc.
Stock Symbol: MBI
Market: NYSE
Website: mbia.com
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