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Updated from Thursday, Mar. 5, 3:53 p.m. EST
A $1.5 billion offering of capital announced Wednesday is sure to boost shares of beleaguered bond insurer Ambac(ABK Quote), right?
Wrong!
Shares of the New York-based debt insurance outfit nosedived, shedding more than 19% of its value in afternoon trading after the announcement of its huge planned share offering. Ambac has been scrambling to shore up its capital reserve over the past several weeks. ...
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