Kodak (EKDKQ.PK) seeks a court order to approve a $406M rights offering which the company...

|By:, SA News Editor

Kodak (EKDKQ.PK) seeks a court order to approve a $406M rights offering which the company intends to use to fund distributions. A number of creditors have agreed to backstop the rights offering of 34M shares for $11.94 a share.