AMBAC Inc. announces secondary public offering of all its 4,159,505 shares of common stock of HCIA Inc.NEW YORK--(BUSINESS WIRE)--April 30, 1996--AMBAC Inc. (NYSE NYSE See: New York Stock Exchange :ABK) today announced the public offering of 4,159,505 shares of the common stock of its health care information content affiliate, HCIA HCIA Hungarian Chemical Industry Association HCIA Hazardous Chemicals Information Act HCIA Hague Convention on Intercountry Adoption Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HCIA), at a price of $51.00 per share. After completion of the offering, AMBAC AMBAC American Municipal Bond Assurance Corporation AMBAC Active Mass Balance Auto-Control (Gundam anime) will no longer own any shares of HCIA common stock. AMBAC will use its net proceeds from the offering for general corporate purposes. Merrill Lynch, Pierce, Fenner & Smith Incorporated is serving as lead manager of the offering, with Alex. Brown & Sons Incorporated, Hambrecht & Quist LLC, Lehman Brothers Inc. and Salomon Brothers Inc. acting as co-managing underwriters. AMBAC Inc., headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a holding company that provides through its affiliates financial guarantee and financial services to both public and private clients. The company's principal operating subsidiary, AMBAC Indemnity Corporation, is a leading insurer of municipal and structured finance obligations. AMBAC Indemnity has been assigned triple-A claims-paying ability ratings from Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Inc., Standard & Poor's Rating Group and Fitch Investors Service Fitch Investors Service A financial services company best known for the bond ratings it provides investors. , L.P. HCIA Inc. is a leading health care information content company that develops and markets integrated clinical and financial information systems and products. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A written prospectus relating to this offering may be obtained from Merrill Lynch & Co., World Financial Center, 250 Vesey Street, New York, New York 10281-1325. CONTACT: AMBAC Inc. Investor Contact: David J. Weissman 212/208-3244 Media Contact: John M. Cathey 212/208-3490 |
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