Eastman Kodak Co. is in the midst of preparations to file for Chapter 11 bankruptcy, should its attempt to sell off a portfolio of over a thousand patents not come to fruition, reports the Wall Street Journal this afternoon. Kodak, which yesterday disclosed that it was at risk of delisting from the New York Stock Exchange, currently employs some 19,000 people, and is said to be trying to arrange some US$1 billion in debtor-in-possession financing to keep the company running while bankruptcy proceedings progress. Unnamed sources said to be familiar with the matter told the WSJ that a... (read more)
This page contains a snippet of article „Make-or-break for Kodak, as bankruptcy looms“. The article was originally published on Imaging Resource at http://www.imaging-resource.com/news/2012/01/04/make-or-break-for-kodak-as-bankruptcy-looms. ShutterNews.com isn't responsible for the article's content.
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