NEW YORK (Reuters) - Shares of MBIA Inc. (MBI.N) jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp.
MBIA's stock was up 18 percent at $14.12 a share, its highest level since April.
(Reporting by Richard Leong; Editing by Kenneth Barry)
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