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Tuesday, November 24, 
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Ambac trading halted on pending news

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Published March 5, 2008 at 12:47 PM
The New York Stock Exchange halted Ambac Financial Group Inc. trading on pending news of a possible recapitalization deal to preserve its crucial triple-A rating. Trading stopped at 12:01 p.m. ET at $11.35 per share, up 5.87% on the day. The news comes following a wave of media reports sparked by CNBC that Ambac is in talks with a consortium of banks to raise roughly $3 billion. - Michael Rudnick

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