Tag Archives: Kodak

KKR’s Representatives On Kodak’s Board Resign As Bankruptcy Looms

By | December 27, 2011
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A little over two years ago, on September 29, 2009, Kolhberg, Kravis Roberts purchased $300 million in Senior Secured Notes from Eastman Kodak(EK) and was granted 40 million warrants at $5.50 per share.  As part of the investment, KKR exercised its right to nominate two directors, Herald Chen and Adam Clammer.  Today, Kodak announced that Mr. Chen and… Read More »

Eastman Kodak Divests Insignificant Division, Muddles Management Structure, Stock Jumps 20%

By | December 23, 2011
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Eastman Kodak(EK) was once synonymous with photography and imaging. Today, like the abandoned subwayin its home town of Rochester, it stands as a hulking relic testifying to the lost hopes and dreams of a bygone era.  Kodak’s moments are now but a series of shadowy images of past glory wafting away.  This afternoon, the company issued two press… Read More »