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Shutterfly (SFLY +4.9%) outperforms after announcing there were no competing offers to its...
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Wednesday, April 25, 2012, 2:30 PM ETShutterfly (SFLY +4.9%) outperforms after announcing there were no competing offers to its $23.8M bid to buy Kodak Gallery from bankrupt Eastman Kodak (EKDKQ.PK). Kodak Gallery has 75M users, and stands to both strengthen Shutterfly's position in the online photo printing market, and expand its presence in the only photo gallery space, as fears grow about a decline in photo printing.
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