Gerard Meuchner News
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Eastman Kodak Co. is in advanced talks with Citigroup Inc. to provide bankruptcy financing as the unprofitable imaging company prepares for a potential filing, said three people familiar with the matter. The stock plunged.
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Eastman Kodak Co., the unprofitable 131-year-old imaging company, adjusted its management structure and created a chief operating office to reduce costs as its sales decline and cash reserves dwindle. The stock soared.
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Eastman Kodak Co. said two directors from KKR & Co. resigned from its board, two years after the private-equity firm helped the 131-year-old imaging company refinance debt.
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Eastman Kodak Co.’s cash balance may have dwindled further in the third quarter as the 131-year-old camera maker works to transform itself into a digital printing- equipment company.
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Avenue Capital Group and Blackstone Group LP’s GSO Capital Partners LP unit are among investors that own debt in Eastman Kodak Co. and are seeking to profit from a potential sale of its digital-imaging patents, said people with knowledge of the matter.
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Avenue Capital Group and Blackstone Group LP’s GSO Capital Partners LP unit are among investors that own debt in Eastman Kodak Co. and are seeking to profit from a potential sale of its digital-imaging patents, said people with knowledge of the matter.
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Eastman Kodak Co., the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible buyers of its patent portfolio, said three people with direct knowledge of the process.
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Eastman Kodak Co. agreed to provide laser-projection technology to Imax Corp., bolstering revenue as the unprofitable 131-year-old camera company seeks to stave off bankruptcy.
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Samsung Electronics Co. made a proposal to Apple Inc. to resolve their patent dispute in Australia regarding touch-screen technology, a Sydney court was told Sept. 30.
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Eastman Kodak Co. will make a coupon payment tomorrow, Gerard Meuchner, a spokesman, said in an e-mailed statement.
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