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Assured Guaranty Ltd (AGO.N)

AGO.N on New York Stock Exchange

19.34USD
22 Sep 2020
Change (% chg)

$0.14 (+0.73%)
Prev Close
$19.20
Open
$19.19
Day's High
$20.10
Day's Low
$19.19
Volume
467,161
Avg. Vol
268,867
52-wk High
$50.77
52-wk Low
$13.64

Latest Key Developments (Source: Significant Developments)

Assured Guaranty to Acquire Asset Management Firm BlueMountain
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Assured Guaranty Ltd ::ASSURED GUARANTY TO ACQUIRE ASSET MANAGEMENT FIRM BLUEMOUNTAIN.ASSURED GUARANTY LTD - PURCHASE PRICE OF APPROXIMATELY $160 MILLION.ASSURED GUARANTY LTD - NOT LESS THAN $114.8 MILLION OF APPROXIMATELY $160 MILLION PURCHASE PRICE WILL BE PAYABLE IN CASH.ASSURED GUARANTY LTD - EXPECTS TRANSACTION TO HAVE NO IMPACT ON ITS FINANCIAL STRENGTH RATINGS.ASSURED GUARANTY - REMAINDER OF PURCHASE PRICE IS PAYABLE IN CASH, ITS COMMON SHARES, A ONE-YEAR PROMISSORY NOTE, OR IN A COMBINATION.ASSURED GUARANTY LTD - AS PART OF PAYMENT, ASSURED GUARANTY EXPECTS TO ISSUE $22.5 MILLION OF ITS COMMON SHARES TO FELDSTEIN.ASSURED GUARANTY LTD - ASSURED GUARANTY WILL CONTRIBUTE $60 MILLION IN WORKING CAPITAL TO BLUEMOUNTAIN AT CLOSING.ASSURED GUARANTY LTD - PLANS TO CONTINUE ITS CURRENT SHARE REPURCHASE PROGRAM.ASSURED GUARANTY LTD - INTENDS TO PROVIDE AN ADDITIONAL $30 MILLION OF WORKING CAPITAL TO BLUEMOUNTAIN WITHIN A YEAR OF CLOSING.ASSURED GUARANTY LTD - AS PART OF DEAL, BLUEMOUNTAIN'S CEO ANDREW FELDSTEIN INTENDS TO JOIN CO AS CHIEF INVESTMENT OFFICER & HEAD OF ASSET MANAGEMENT.ASSURED GUARANTY LTD - INTENDS TO FUND ACQUISITION WITH LOANS FROM ITS FINANCIAL GUARANTY SUBSIDIARIES.  Full Article

Assured Guaranty Joins Prepa Restructuring Support Agreement
Saturday, 4 May 2019 

May 3 (Reuters) - Assured Guaranty Ltd ::ASSURED GUARANTY JOINS PREPA RESTRUCTURING SUPPORT AGREEMENT.ASSURED GUARANTY - SIGNED ON TO AGREEMENT AFTER NEGOTIATING AMENDMENTS TO A PRELIMINARY AGREEMENT ANNOUNCED IN JULY 2018 BY A NUMBER OF OTHER PARTIES.ASSURED GUARANTY-RESTRUCTURING TRANSACTION INTENDED TO PROVIDE A FRAMEWORK FOR CONSENSUAL RESOLUTION OF TREATMENT OF CO'S INSURED PREPA REVENUE BONDS.ASSURED GUARANTY-UPON CLOSE OF DEAL, PREPA'S REVENUE BONDS TO BE EXCHANGED INTO NEW SECURITIZATION BONDS ISSUED BY SPECIAL PURPOSE CORPORATION.  Full Article

Assured Guaranty Raises Quarterly Dividend By 12.5 Pct To $0.18 Per Common Share
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Assured Guaranty Ltd ::ASSURED GUARANTY LTD. RAISES QUARTERLY DIVIDEND BY 12.5% TO $0.18 PER COMMON SHARE.  Full Article