Kodak to sell 2 imaging businesses to...

Kodak to sell 2 imaging businesses to its UK pension for $650 mln

There are 2 comments on the Reuters story from Apr 29, 2013, titled Kodak to sell 2 imaging businesses to its UK pension for $650 mln. In it, Reuters reports that:

Bankrupt photography pioneer Eastman Kodak Co said it will sell two of its remaining imaging businesses to its UK pension fund for $650 million.

Join the discussion below, or Read more at Reuters.

Delirous

United States

#1 Apr 29, 2013
So, the profits from DI will be siphoned off to pay overpriced European pensions! Again, DI's profits will not go to improve and build DI, but to shore up a failing Pension system. This is right out of a comic book!
film photographer

Vancouver, Canada

#2 Jul 1, 2013
How would that be any different than what Kodak did with the film division : use it as a cash cow to feed their brave new world of digital products.Hopefully, the pension group will realize that they will gain more by running the film division for profit than by liquidating to recover 10 cents on the dollar.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Economics News Discussions

Title Updated Last By Comments
News IMF to help Ukraine with up to $18 billion bailout (Mar '14) Mon RUSSIA has ALREAD... 73
News Ryan's buffets apparently no long on menu for A... Jul 19 Earl Pitts 4
News Pat Howard: Failures by DevelopErie leave Erie ... Jul 19 The Gun 185
News New bidder for Essar Steel Algoma? Jul 18 Bird 1
News Fact checking Clinton's speech slamming Trump i... Jul 11 Hannah2016 1
News Essar Steel Minnesota files for Chapter 11 bank... Jul 10 coulda guessed that 1
News State DEP, Alpha Natural Resources reach agreement Jul 1 James mullins 1
More from around the web