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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| US Steel Corp | NYSE:X | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.44 | -1.19% | 36.61 | 37.06 | 36.25 | 36.60 | 2,191,518 | 00:59:39 |
From May 2021 to May 2024
By Josh Beckerman
United States Steel Corp. said it will transfer about $284 million of pension plan obligations via a purchase of annuity contracts from two units of Legal & General Group PLC.
The purchase results in the transfer of administrative and benefit-paying responsibilities for about 17,800 U.S. retirees and beneficiaries.
The steel company said "this transaction is yet another meaningful step in strengthening the company's balance sheet and further de-risking our pension plan, a plan that remains more than 100% funded and is an important source of differentiation versus some peers in the steel industry."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 11, 2021 17:01 ET (22:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year US Steel Chart |
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