Assured Guaranty waives standstill agreement for WLR Funds

By Lisa Kerner

Charlotte, N.C., Sept. 19 - Assured Guaranty Ltd. waived the standstill provisions of an investment agreement on Sept. 16, permitting the WLR Funds to purchase up to 5 million additional shares of the company's common stock in open-market transactions from time to time.

There is no assurance if, when and in what amounts the WLR Funds will make any purchases, a schedule 13D/A filed with the Securities and Exchange Commission said.

WL Ross & Co. LLC beneficially owns 13.4%, or approximately 12.16 million shares, of the Bermuda-based holding company.

Assured Guaranty's operating subsidiaries provide credit enhancement products to the public finance, structured finance and mortgage markets.

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