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BRIEF-Unisys completes lump-sum cash-out offer under its U.S. pension plan
December 19, 2016 / 1:29 PM / 9 months ago

BRIEF-Unisys completes lump-sum cash-out offer under its U.S. pension plan

Dec 19 (Reuters) - Unisys Corp

* Participants will receive lump-sum payments valued at approximately $216 million from pension trust

* Company does not anticipate that this action will result in a settlement charge

* Unisys also expects this action to have minimal impact on plan funding levels

* Unisys completes lump-sum cash-out offer under its u.s. Pension plan for eligible former associates

* Approximately 5,800 former associates have accepted this offer, reducing number of participants in plan by about 8 percent

* Unisys expects lump-sum payments to be made by end of year.

* Because payments will be made by pension trust, they will not impact company’s cash position Source text for Eikon: Further company coverage:

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