July 19, 2017 / 11:17 PM / 2 years ago

BRIEF-Ambac Assurance reaches definitive agreement on and receives confirmation of OCI support

July 19 (Reuters) - Ambac Financial Group Inc

* Ambac Assurance reaches definitive agreement on and receives confirmation of OCI support for a transformational plan to conclude the segregated account rehabilitation

* Pro-forma impact of transaction as of March 31, 2017 to add approximately $8.02 of book value per share

* Ambac Financial Group Inc - AAC has also received confirmation from office of commissioner of insurance for state of Wisconsin of its support for transaction

* Pro-forma impact of transaction as of March 31, 2017 to add approximately $9.83 of adjusted book value per share

* Ambac Financial Group Inc - transaction, as of March 31, 2017, will result in an increase of approximately $361.1 million or $8.02 of book value per share Source text for Eikon: Further company coverage:

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