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Sonoco Reduces Pension Obligation by Approximately $1.4 Billion with Purchase of Group Annuity Contracts and Distribution of Lump-Sum Payments

HARTSVILLE, S.C., June 24, 2021 (GLOBE NEWSWIRE) -- Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today announced the purchase of group annuity contracts from Athene Holding Ltd. ("Athene") (NYSE:ATH), a leading financia