Kodak Announces Reorganization Plan, Expects to Exit Bankruptcy by September
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Kodak, which filed for chapter 11 bankruptcy protection in January 2012, issued a statement outlining its reorganization strategy late Tuesday. As part of the proceedings, Kodak will sell its personalized and document-imaging business to the U.K. Kodak Pension plan for $650 million, settling the company's $2.8 billion retirement obligation.
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- Companies:
- Eastman Kodak Co.
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