Assured Guaranty Ltd.'s plans to acquire Financial Security Assurance Holdings Ltd. advanced yesterday as shareholders approved stock issuance related to the deal and the New York Insurance Department approved the transaction.

More than 99% of shareholders present approved both of Assured's proposals. One allows the company to issues shares to FSA's current parent, Dexia, and another gives the board the power to issue shares to a Wilbur L. Ross-affiliated fund if needed to finance the transaction.

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