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MBIA Inc. Announces Repurchase of 7.6 Million Shares of Its Common Stock

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PURCHASE, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) (the Company) today announced that it has agreed to repurchase 7.6 million of its common shares in connection with the sale by investment funds affiliated with Warburg Pincus LLC of their remaining 18.4 million shares of the Company. The repurchase transaction, together with open market share repurchases, will bring the total number of shares repurchased since the Company reported its second quarter financial results on August 4, 2015 to app

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