Unisys Revises Estimate of One-Time, Non-Cash, Pre-Tax Settlement Charge Related to Previously Announced Purchase of Group Annuity Contracts
BLUE BELL, Pa., Dec. 14, 2023 /PRNewswire/ — Unisys (NYSE: UIS) announced in a previous statement released on November 27, 2023, annuity purchase agreements to transfer a portion of its U.S. pension obligations. In the release, the company anticipated the action would result in a one-time, non-cash, pre-tax settlement charge of approximately $244 million. The company is revising that estimate to approximately $179 million. The settlement charge will be finalized and communicated as part of the company’s year-end 2023 financial results.
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