Pensions
Crown Holdings to Transfer $740M in Pension Liabilities to MassMutual
The packing products supplier will offload liabilities for 12,000 plan participants.
Authors present their new Investor Blueprint for Racial and Economic Equity at NY Fed event.
The life insurance company apparently no longer considers the DC plans integral to its business.
The move will bring the fund giant’s value to $1.2 trillion, and the insurer will receive a 15% stake in the acquirer.