Kodak says it has exited bankruptcy PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 03 September 2013 14:32

ROCHESTER, N.Y. (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.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Front Page Stories

Perrysburg approves levy proposal
07/21/2014 | Alex Aspacher

PERRYSBURG — The decision whether to build a new school will rest with voters in November, with th [ ... ]


Council approves gun ordinance language
07/21/2014 | PETER KUEBECK Sentinel City Editor

City council voted unanimously Monday on new guns in parks language that they hope will be a silver  [ ... ]


Other Front Page Articles