AT&T's pension plan contribution gets tentative OK from govt
Sept 6 (Reuters) - AT&T Inc's proposal to contribute $9.2 billion to $9.5 billion of preferred equity to its pension plan has been tentatively approved by the U.S. Department of Labor, according to a filing.
AT&T plans to contribute 320 million preferred shares to the pension plan. The plan, to be made available for public hearing, if approved, would be effective retrospectively from Sept. 1, 2013. ()
The preferred shares will have a market value of about $9.2 billion to $9.5 billion, the labor department filing said.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Malaysian PM says lost airliner was diverted deliberately |
- Crimeans vote on union with Russia as troops build up rapidly |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Police make third arrest in murder of Colorado socialite