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Stock impact report

Athene Announces Significant Pension Risk Transfer Transaction with Bristol-Myers Squibb

Athene Holding Ltd. Class A Common Shares (ATH) 
Last athene holding ltd. class a common shares earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.athene.com
Company Research Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)-- Athene Holding Ltd. (“Athene”) (NYSE: ATH), a leading retirement services company, announced today a first-of-its-kind pension plan termination transaction with Bristol-Myers Squibb Company (NYSE: BMY) covering more than 24,000 active employee participants, retirees, beneficiaries, and former Bristol-Myers Squibb employees who have not yet commenced their benefits. Under the agreement, Athene’s wholly-owned Iowa-domiciled life insurance subsidiary, Athene Annuity and Life Company (“AAIA”), agreed in advance to provide an annuity contract covering all obligations of Bristol-Myers Squibb’s U.S. Retirement Income Plan (the “Plan”) for which the plan participants do not elect to receive a lump sum payment. Subsequent to payout of the lump sum obligations in July 2019, it is expected that AAIA’s annuity contract will cover as much as $3.8 billion of remaining pension liabi Show less Read more
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