Lenders Send Letter to Eastman Kodak (EK) Board: We Want Fair Market Value for Patents
EK Hot Sheet
EPS Growth %: -418.8%
Eastman Kodak (NYSE: EK) shares are volatile into the close as Bloomberg is reporting on a letter to the company's Board from lenders which makes clear these second-lien lenders are seeking fair market value for patents.
The Board has said the company remains committed to optimizing cash generation and that it is taking its fiduciary duties "very seriously."
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The Board has said the company remains committed to optimizing cash generation and that it is taking its fiduciary duties "very seriously."
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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EK bridge financing
richiedo on Oct 26, 2011 07:50 PMMark as Spam
It seems that bridge financing is the best solution for Kodak's financial present woes.
This type of financing will remove doubts and will dissipate rumors of imminent bankruptcy, which will not happen at this time. Kodak's shares will jump on the news and no matter what happens in Kodak's future, is irrelevant at this point in time.