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Ambac Halted, Deal to Split up Monoline Rumored Imminent 

Mar 05, 2008By

Trading in shares of troubled bond guarantor Ambac Financial were halted early Wednesday afternoon for pending news, although no official statement has been released just yet. Numerous news agencies are reporting that Ambac will announce a bailout agreement that will see the monoline split apart its municipal bond business and establish a seperate structured finance unit. From the Associated Press:

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