Assured Guaranty Ltd. yesterday announced the launch of a combined $550 million offering of common shares and equity units and said it will increase the amount of cash and decrease the amount of stock it pays Dexia SA for its acquisition of Financial Security Assurance Holdings Ltd.

Assured plans to issue common shares with a value of $400 million, it said. It will also give its underwriters a 30-day option to purchase an additional $60 million in common shares.

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