Brief: Metallus To Purchase Group Annuity Contract For Pension Benefits

Metallus

20/05/2024 21:18

May 20 (Reuters) - Metallus Inc  MTUS.N :
    * METALLUS TO PURCHASE GROUP ANNUITY CONTRACT FOR PENSION
BENEFITS
    * ENTERED INTO AN AGREEMENT TO PURCHASE A GROUP ANNUITY
CONTRACT
FROM PRUDENTIAL INSURANCE COMPANY OF AMERICA
    * AGREEMENT TO BUY GROUP ANNUITY CONTRACT FROM PRUDENTIAL
CONNECTED TO TERMINATION OF TIMKENSTEEL CORPORATION RETIREMENT
PLAN
    * SALARIED PENSION PLAN TERMINATION SETTLES ABOUT $121
MILLION OF
CO'S REMAINING U.S. PENSION OBLIGATIONS
    * EXPECTS TO REALIZE A NON-CASH PENSION SETTLEMENT GAIN OF
ABOUT
$3 MILLION IN Q2

Source text for Eikon:  ID:nPnbHpxBWa 
Further company coverage:  MTUS.N 

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