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Eastman Kodak Co. (KODK)

  • Mar. 25, 2014, 10:51 AM
  • Mar. 19, 2014, 4:50 PM
  • Mar. 12, 2014, 9:18 AM
  • Dec. 16, 2013, 5:42 PM
  • Sep. 16, 2013, 11:58 AM
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  • Sep. 3, 2013, 2:51 PM
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  • Aug. 20, 2013, 5:53 PM
  • Aug. 15, 2013, 6:42 PM
  • Jun. 19, 2013, 6:44 AM
    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.
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  • May 1, 2013, 3:42 PM
    Eastman Kodak (EKDKQ.PK -72.9%) has plummeted to a mere $0.10 on the pink sheets after announcing a post-bankruptcy reorganization plan in which existing equity holders will see their shares cancelled. Second-lien noteholders will own 85% of the company, and unsecured creditors and retirees 15%. Kodak, which projects a $441M post-bankruptcy valuation, expects to exit Chapter 11 in Q3. (PR) (yesterday)
  • Apr. 30, 2013, 11:28 AM
    Eastman Kodak (EKDKQ.PK +17.4%) is now up 55% over the last 2 days on the pink sheets after announcing the sale of its personalized and document imaging units, and providing a Q1 business update. Excluding its $535M patent sale and a $77M goodwill charge, Kodak had a Q1 loss of $175M. Sales from continuing ops fell 9% Y/Y to $849M, and the bankrupt company's cash balance rose by $30M Q/Q to $1.17B. The Digital Printing & Enterprise unit had a segment loss of $8M in Q1, and the Graphics, Entertainment, & Commercial Films unit a profit of $38M.
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  • Apr. 29, 2013, 9:35 AM
    Eastman Kodak (EKDKQ.PK) is selling its personalized imaging (camera film, paper, photo kiosks) and document imaging (scanners/related software) units to its U.K. pension fund for $650M. The deal settles $2.8B in claims against Kodak from the bankrupt company's largest creditor. Kodak asserts the deal gives it "the remaining liquidity we require to emerge from Chapter 11," and says it plans to "file a draft Chapter 11 plan with the [U.S.] Bankruptcy Court on April 30." Kodak recently sold some document imaging assets to Brother for $210M. (PR) (previous)
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  • Apr. 16, 2013, 10:18 AM
    UniPixel (UNXL +8.7%) makes new 52-week highs after announcing Eastman Kodak (EKDKQ.PK) will make touch sensors leveraging UniPixel's UniBoss film. The companies have begun to build a manufacturing/testing facility with 100K square feet of manufacturing space, and plan to spend $24M this year to improve/equip it. Kodak declares the partnership a part of its efforts to expand into functional printing. Last week, UniPixel announced a partnership with an unnamed "touchscreen ecosystem partner."
  • Apr. 15, 2013, 8:51 AM
    Eastman Kodak (EKDKQ.PK) is selling "certain assets of its Document Imaging business" to Brother for $210M. Brother will also assume deferred service revenue liability of $67M. All subject to court approval. (PR)
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  • Mar. 25, 2013, 11:07 AM
    Needham initiates Shutterfly (SFLY +0.9%) at Buy with a $52 price target. The company, which is in the process of suing Eastman Kodak (EKDKQ.PK -3%) for violation of a non-compete agreement, was reiterated at Buy at Cantor Fitzgerald on March 11 with a price target of $48. 
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  • Mar. 22, 2013, 3:55 PM
    Shutterfly (SFLY +0.1%) is suing bankrupt Eastman Kodak (EKDKQ.PK -3.3%) to get it to shut down its My Kodak Moments Facebook app, arguing it violates a non-compete agreement that was part of last year's $23.8M deal to purchase Kodak Gallery. Separately, Kodak announces it has closed its $848M financing deal with creditors. The company says it's on track to file a reorganization plan by April 30.
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Company Description
Eastman Kodak Co is a technology company providing imaging for business. It provides commercial products and services in technologies including materials science; digital imaging science and software; and deposition processes.