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FGIC Corp., parent company of bond insurer Financial Guaranty Insurance Co., said it is in discussions with "potential investors and other parties regarding strategic alternatives," including selling the company outright. It said it will make a decision within weeks.
Published on April 15, 2008
The company said the options it is exploring include founding a new triple-A rated guarantor "dedicated exclusively to the global finance business," or the sale of all or part of the company.
FGIC hired Goldman Sachs Group Inc. as adviser. FGIC guaranteed many bonds that have run into trouble as credit markets seized up.
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