Assured Guaranty Ltd. stock is up 4% in premarket trades after the credit product provider to the financial sector said it’s creating the world’s fifth...
Assured Guaranty Ltd. AGO stock is up 4% in premarket trades after the credit product provider to the financial sector said it’s creating the world’s fifth largest asset management business that handles collateralized loan obligations in a transaction with Sound Point Capital Management.
AGO stock is up 4% in premarket trades after the credit product provider to the financial sector said it’s creating the world’s fifth largest asset management business that handles collateralized loan obligations in a transaction with Sound Point Capital Management. Bermuda-based Assured Guaranty said it will own 30% of the combined entity in exchange for 100% of its equity in Assured Investment Management LLC in a deal that will immediately add to its earnings per share and return on equity.
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