Ambac rescue could be announced Mon or Tues--CNBC

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Ambac rescue could be announced Mon or Tues--CNBC

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02-22-2008, 04:58 PM

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Ambac rescue could be announced Mon or Tues--CNBC

Reuters
February 22, 2008

NEW YORK, (Reuters) - Banks rescuing Ambac Financial Group Inc (ABK) could announce a plan as soon as Monday or Tuesday, CNBC's Charles Gasparino said on Friday. The details of the deal are still being worked out and the plan may fall through, Gasparino said.

Ambac shares rose after the report, trading at $9.90, up 7.3 percent, in trading on Friday afternoon.

Source: Reuters

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