the news • On April 29, 2013, Kodak announced that it had reached a comprehensive settlement agreement with the Kodak Pension Plan of the United Kingdom (KPP) under which Kodak will spin off to KPP its Document Imaging and Personalized Imaging businesses for cash and non-cash consideration of $650 million, as well as the settlement of a $2.8 billion claim. • Recently, the US Bankruptcy Court approved the acquisition of the Kodak Document Imaging and Personalized Imaging businesses by the Kodak Pension Plan (UK). • This clears the way for Document Imaging and Personalized Imaging to realize their full potential as well-capitalized businesses, free of debt and legacy obligations. Both businesses have strong, experienced leadership teams, highly skilled and motivated employees and long track records of profi tability. • Document Imaging and Personalized Imaging together generate $1.4 billion in revenue and are poised to deliver long-term cash fl ows and exciting growth.
Posted on: Mon, 24 Jun 2013 03:27:16 +0000
Trending Topics
© 2015