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The new Kodak buys Creo


February 01, 2004 | By Naresh Khanna

On the evening of 31 January in New Delhi we learnt that Eastman Kodak had purchased Creo for about US$ 980 million (Rs.4,300 crore) in cash. Googling brought us a story from the Financial Times, just 52 minutes old and even now, the next morning the Reuters story is just four hours old. Reuters says that Kodak will pay US$ 16.50 a share for Creo. Creo has $85 million cash on its balance sheet and no debt. The deal is said to perhaps be the last of several that have been part of Kodak’s US$ 3 billion shopping spree mainly in the commercial printing space. ...cont´d

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