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04-30-2013, 03:46 PM   #1
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Important Kodak UK business development

How this will impact Kodak's future is being discussed in some other photo forums:

Kodak to sell two of its businesses to UK pensioners in $2.8bn deal | Business | guardian.co.uk

Chris

04-30-2013, 08:31 PM   #2
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Yep...though it is not clear whether the film part of the company is part of the deal. The link above is the first report I have read that the film business was included. There is some confusion as to what the term "personal imaging" (one of the two lines being divested) means. My understanding is that this includes the processing kiosk and throw-away camera lines. The other branch that was sold was document imaging (high end document scanners). Neither was identified as part of Kodak's core operation and neither has been particularly profitable.

Here is a Reuters link that give a more detailed view including the (profitable) portions that the parent company is retaining. From my understanding, this would include photographic film production and commercial/professional products.

Kodak nears bankruptcy end with 2-for-1 UK pension deal | Reuters

...and the press release from Kodak...

http://www.kodak.com/ek/US/en/Kodak_Announces_Comprehensive_Settlement_with_...Chapter_11.htm

Note: A little bit of sleuthing indicates that some consumer grade film products might be included in the sale, though the film production would be retained. It has been my understanding for some time that the professional grade films are products of Kodak's commercial, rather than consumer, side of things.

Steve

Last edited by stevebrot; 04-30-2013 at 08:44 PM.
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