Exclusive: Athene to take over $2.8 billion in J.C. Penney pension obligations By Reuters
By Joshua Franklin (Reuters) - J.C. Penney Co Inc said on Thursday it has agreed to transfer its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain's retired employees will continue to get their benefits. J.C. Penney, which said in December that it would seek to exit bankruptcy protection sometime this year, will not receive...
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