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Verizon Moves $7.5 Billion in Pension Assets to Prudential Annuity Contract
Bloomberg 
Oct. 17, 2012
"Verizon Communications Inc. is transferring about $7.5 billion in pension obligations, or one- fourth of the total, to Prudential Financial Inc. in a drive to remove risk from its balance sheet.... The Verizon transaction is expected to be the second- largest insured annuity settlement in U.S. history, trailing only the GM deal[.]"
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