Archive - Jan 19, 2012 - Story
And Scene...Kodak Files For Chapter 11 Bankruptcy
Submitted by Tyler Durden on 01/19/2012 00:21 -0500Headlines for now but the inevitable has become well 'evitable' as EK goes BK...headlines via Bloomberg:
- *KODAK FILES FOR BANKRUPTCY IN NEW YORK
- *EASTMAN KODAK SECURES $950M IN DEBTOR-IN-POSSESSION FINANCING
- *KODAK TO MONETIZE NON-STRATEGIC INTELLECTUAL PROPERTY :EK US
- *EASTMAN KODAK SAYS NON-U.S. UNITS NOT INCLUDED IN U.S. FILING
- *KODAK SAYS CHAPTER 11 A `NECESSARY STEP', `RIGHT THING TO DO'
- *KODAK EXPECTS TO PAY EMPLOYEE WAGES-BENEFITS :EK US
We guess the 128% stock rally from 1/6 to 1/11 can be ignored now (and the Einhorn rumors)
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