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Business as usual for subsidiaries outside the US
January 20, 2012
On 19 January 2012 Eastman Kodak announced that the company and its US subsidiaries have filed voluntary petitions for chapter 11 business reorganization in the US Bankruptcy Court for the Southern District of New York. The business reorganization is intended to bolster liquidity in the US and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines. The company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011. ...cont´d
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