logo
Share SHARE
FONT-SIZE Plus   Neg

Eastman Kodak Expects To Emerge From Chapter 11 Restructuring In Q3 -Quick Facts

Film stock maker Eastman Kodak Co. (EKDKQ.PK) announced that it has filed its Plan of Reorganization and Disclosure Statement with the U.S. Bankruptcy Court for the Southern District of New York. The company expects to emerge from Chapter 11 restructuring in the third quarter.

The Plan of Reorganization and Disclosure Statement contain a detailed description of Kodak's post emergence business plan which maintains and extends Kodak's leadership position in the Commercial Imaging Industry.

The company expects the court to schedule a hearing in mid-June to determine the adequacy of the disclosures contained in the documents to provide creditors the ability to evaluate the company's Plan of Reorganization.

In the interim, Kodak said that it will work with its creditors' committees to obtain their support of the plan and may, from time to time, file amendments and supplements to the documents.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT