Kodak (EKDKQ) Back on Track to Continue Patent Sale
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Eastman Kodak (OTCBB: EKDKQ) is girding its loins to continue a massive digital imaging patent sale...and interest is robust.
According to Reuters Thursday, Kodak is ramping-up for the continued sale of about 1,155 Digital Capture and Kodak imaging Systems & Services U.S. patents. The move follows Kodak filing for Chapter 11 bankruptcy protection in January and any patent sales being halted.
Interested parties would be the usual suspects: Intel (Nasdaq: INTC), Apple (Nasdaq: AAPL), Microsoft (Nasdaq: MSFT) and more. Leading the sale will be investment banks Lazard (NYSE: LAZ) and Jefferies & Co.
Kodak hopes to garner about $2 billion in the sale.
The sale will continue under terms of its $950 million debtor-in-possession loan, which states, "that a motion has to be filed with the courts regarding the sale of the patents by June 30, 2012."
Kodak still hasn't sent out a "teaser" document which contains some basic financial info for potential buyers.
Shares are up about 9 percent Thursday.
According to Reuters Thursday, Kodak is ramping-up for the continued sale of about 1,155 Digital Capture and Kodak imaging Systems & Services U.S. patents. The move follows Kodak filing for Chapter 11 bankruptcy protection in January and any patent sales being halted.
Interested parties would be the usual suspects: Intel (Nasdaq: INTC), Apple (Nasdaq: AAPL), Microsoft (Nasdaq: MSFT) and more. Leading the sale will be investment banks Lazard (NYSE: LAZ) and Jefferies & Co.
Kodak hopes to garner about $2 billion in the sale.
The sale will continue under terms of its $950 million debtor-in-possession loan, which states, "that a motion has to be filed with the courts regarding the sale of the patents by June 30, 2012."
Kodak still hasn't sent out a "teaser" document which contains some basic financial info for potential buyers.
Shares are up about 9 percent Thursday.
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