Assured Guaranty Ltd. expects to close its acquisition of Financial Security Assurance Holdings Ltd. on July 1, Assured and FSA parent Dexia SA announced yesterday.

The primary closing conditions, including "rating agency review and agreement on key transaction documents," have been met, the companies said. The deal, which excludes FSA's troubled financial products unit, will put the municipal market's two most active remaining bond insurers under one roof.

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