As expected, former camera-making company Kodak has climbed out of the Chapter 11 bankruptcy it entered in January of 2012. In a press release, the company says it finished its restructuring today, canceling its old stock and giving creditors a new set of shares. It's the culmination of nearly two years of planning, as Kodak steadily sold off assets and pared down its workforce to emerge as a tightly focused business that had lost its best-known segment: the consumer camera business that it started phasing out early last year. Kodak's website appears to still be in transition, showing the image above.
Having spun off or shut down its various consumer divisions, including digital camera and printing segments, Kodak will focus instead on...
via The Verge - All Posts http://www.theverge.com/2013/9/3/4690642/kodak-exits-bankruptcy-emerges-as-commercial-printing-company
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