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Ambac appoints two to board

Mar. 29, 2016 7:32 AM ETAmbac Financial Group, Inc. (AMBC) StockBy: Stephen Alpher, SA News Editor
  • Amid a proxy fight from acitivst Canyon Capital Advisors, Ambac Financial (NYSE:AMBC) appoints former AIG CFO David Herzog to its board, along with Cornwall Capital's Ian Haft, with five shareholders representing 18.5% of the company's stock agreeing to vote for the duo at the annual meeting.
  • Herzog has spent several months helping AIG deal with its own activist, Carl Icahn.
  • Source: Press Release

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