Business in the Burbs

MBIA offers to buy preferred shares

May

MBIA Inc., the Armonk-based bond insurer, is offering to buy back preferred shares issued by its insurance subsidiary. Shareholders will be able to tender some or all of their preferred shares at a purchase price of $10,000 per share, plus accrued but unpaid dividends, according to the company. The tender offer will expire on June 11.

This entry was posted on Wednesday, May 13th, 2009 at 12:21 pm by Jay Loomis. You can follow any responses to this entry through the RSS 2.0 feed.
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