Wednesday, July 23, 2014





Kodak says it has exited bankruptcy


September 03. 2013 2:37PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Kodak's trip through bankruptcy is now a memory for the scrapbook.


Kodak says it finished its restructuring and exited Chapter 11 on Tuesday.


The company says it's now a commercial imaging company serving business markets such as packaging and graphics. Chairman and CEO Antonio Perez says it's on track for profitable growth.


Kodak filed for bankruptcy protection last year, brought down by increasing competition, digital photography, and debt. Since then it has sold off many of its businesses and patents, while shutting down the camera manufacturing unit that made it famous.


It spun off its personal imaging and document imaging units to its pension plan.


Kodak says its old stock is canceled as of Tuesday. Creditors are getting shares in the reorganized company.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds