- 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
Ambac appoints two to board
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Symbol | Last Price | % Chg |
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AMBC | - | - |
Ambac Financial Group, Inc. |