Silicon Valley Giant HP Inc to Transfer $5.2 Billion in U.S. Pension Plan Liabilities
Posted on 09/07/2021
HP Inc. signed a deal to purchase a group annuity contract from Prudential Insurance Co. of America to transfer roughly US$ 5.2 billion in U.S. pension plan liabilities. The deal removes nearly half of the computer hardware company’s U.S. pension plan assets from its balance sheet. The transaction is expected to close in HP’s fiscal […]
