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NAVISTAR INTERNATIONAL CORPORATION: Navistar Canada Purchases Group Annuity Contracts, Transferring Canadian Pension Obligations and Assets

Navistar International Corporation (NYSE: NAV) today announced that Navistar Canada ULC, its wholly owned subsidiary, on behalf of its pension plans, has purchased group annuity contracts from RBC Life Insurance Company (RBC Insurance) and iA Financial Group that transfer approximately $268 million ($333 million CAD) in obligations, and related assets, of defined benefit pension plans in Canada to these two Canadian insurers. » Read More
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