Looks like Wilbur Ross is going for a bigger slice..
Market Watch Reports:
Assured Guarantee (AGO) said late Thursday that it has provided a waiver allowing investment funds managed by WL Ross to purchase up to 5 million additional common shares of Assured Guaranty. The shares purchased by the WL Ross Funds will be from current shareholders and as a result will not result in an increase in shareholders’ equity. If WL Ross buys all 5 million shares, it would beneficially own 17.2 million shares or about 18.9% of Assured’s outstanding common shares as of June 3
Ross built his initial stake following a $250 million private placement with the company back in May.
Disclosure (“none” means no position):none
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