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Kodak Enters into Agreement for Proposed Sale of Document Imaging Business to Brother Industries, Ltd.Submitted by Anonymous on Mon, 04/22/2013 - 22:01
Rochester, N.Y. -- Eastman Kodak Company has reached agreement with Brother Industries, Ltd., for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million, subject to certain price adjustments at closing. In addition, Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of December 31, 2012.continue reading...