UIS ▼ -2.4% - Unisys Corporation
$UIS - Unisys Transfers Approximately $200 Million of Its U.S. Defined Benefit Pension Obligations to New York Life Through the Purchase of a Group Annuity Contract
Unisys transferred roughly $200 million in U.S. defined benefit pension obligations to New York Life through a group annuity purchase, a move that reduces the company's long-term pension liability but requires a significant cash outlay. The 2.4% decline may reflect investor concerns about the near-term cash impact of the pension de-risking transaction, despite the benefits of removing future pension funding obligations.
16-SEP-2026 04:30 PM ET
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