Kodak to Exit Bankruptcy As Commercial Printing Company
A plan which cuts about $4.1 billion of debt for Eastman Kodak was approved by US bankruptcy judge Allan Gropper yesterday. The plan allows Kodak to reorganize itself into a company that will actually provide no consumer products but will instead focus on printing technology for corporate customers. This is good news for the company on the whole by saving it from extinction, but it does nothing to compensate shareholders.