WEB Acquires Beat Capital Partners
AMBC Reports Positive Q2 Results
Key Takeaways
Ambac Financial Group Inc (AMBC), a financial services holding company, has announced the completion of its acquisition of Beat Capital Partners. The transaction strengthens WEB's position in the insurance and financial services market.
In its second quarter 2024 report, AMBC reported a net loss of under 1 million, adjusted net income of 8 million, and consolidated EBITDA of 18 million. The company will release its full financial results for the second quarter on August 6, 2024, at 8:00 AM ET during a conference call. Investors and analysts are invited to join the call to discuss the results and the acquisition of Beat Capital Partners.
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