Tuesday, June 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ASUS Showcases ROG Gaming Products, ROG Certified Gear, Next-Gen Motherboard, USB 3.1 Line-Up and Mods at Computex 2015
Computex: Intel Introduces 5th Gen Intel Core Broadwell-H Processors, Thunderbolt 3, IoT And Unite Tele-conference Platform
Crucial Debuts New DDR4 Memory, SSD Software At Computex
Corsair at Computex 2015
Google To Offer More Privacy Controls
Nintendo's new NX Game Console Could have Android Inside
Intel to Acquire Altera For $16.7 Billion
AUO To Showcase 6-inch UHD 4K Smartphone Display at SID Display Week
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Digital Cameras > Kodak T...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, April 15, 2013
Kodak To Sell Document Imaging Business to Brother


Eastman Kodak has reached agreement with Brother Industries, Ltd., for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million.

In addition, Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of December 31, 2012.

Kodak's Document Imaging business provides a portfolio of scanners, capture software and services to enterprises. Brother is a global manufacturer of laser, label and multi-function printers, as well as fax machines and sewing machines.

Consummation of the transaction with Brother is subject to court approval and a marketing period in which Kodak may seek to obtain a higher or better offer for the business, alone or in combination with other businesses, including through a court-approved auction.

"This proposed sale is another key step in Kodak's path to emergence - it moves us closer to realizing our strategic vision for Kodak's future," said Antonio M. Perez, Chairman and Chief Executive Officer. "A sale to Brother, should they prevail, would represent an excellent outcome for Document Imaging's customers, partners and employees."

Under the terms of the agreement, Kodak will seek U.S. Bankruptcy Court approval of the bidding procedures at a hearing in late April and is targeting final court approval of a transaction in June.

Kodak is continuing its publicly announced sales process for its Personalized Imaging (PI) business, as it remains on track to emerge from bankruptcy in the middle of this year. It needs to raise at least $600 million from the sale of its noncommercial imaging assets, according to its amended financing agreement.


Previous
Next
Windows 8 to Trigger Growth in Touch-Enabled Notebook PCs        All News        Sharp Seeking To Sell Stake in Pioneer
Sony Announces the Cyber-shot HX50V Camera With 30x Optical Zoom     Digital Cameras News      Samsung NX1100 SMART Camera Blends Image Quality With Instant Photo Sharing and Editing

Get RSS feed Easy Print E-Mail this Message

Related News
Kodak Finalizes Agreements With Hollywood Studios
KODAK IM5 Smartphone Is Official
Kodak To Debut Android Mobile Devices at CES 2015
Kodak Returns To CES With Consumer Product Line
Kodak Emerges From Bankruptcy Focused on Imaging for Business
Judge Approves Kodak Plan to Exit Bankruptcy
Kodak, Major Financial Institutions Agree to Arrange Exit Financing Package
Kodak Seeks Approval for $406 Million Rights Offering
Kodak Positioned to Emerge from Bankruptcy in the Third Quarter
Kodak Posts First Quarter Profit
Kodak Completes $527 Million Sale Of Digital Imaging Patents
Court Approves Kodak's $525 Patent Sale Plan To Consortium

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .