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Kodak Stock Is Rising. It Found a Boatload of Cash—in the Pension Plan.
Kodak stock jumped Tuesday after it found a lot of cash—in the company’s pension plan. Monday, Kodak said its pension plan sold “illiquid” assets worth about $764 million for about $551 million. It’s selling some other assets listed at $87 million for $62 million.
Kodak announces pension asset sale, possible plan termination
Eastman Kodak Co. is making changes to its pension plan, including selling some of its assets and possibly terminating the plan.
Kodak looks to terminate US pensions, will gain over $500 million in finances
According to a filing with the SEC, Kodak said that it looks to cut its pension plan. The plan has increased significantly due to initial contributions and market
Kodak Prepares to Terminate U.S. Pension, Book Gain of More Than $500 Million
Eastman Kodak is preparing to terminate its U.S. pension plan to unlock value from the fund, whose value soared as a result of strong market performance and contributions made years ago when the company was a household name in print photography.
Kodak Sells PE Assets to Mastercard, Mulls Shuttering Pension
The board of Eastman Kodak’s pension plan sold a portfolio of illiquid assets to the Mastercard Foundation and is considering winding down the rest of the fund, as the company looks to tap the roughly $1 billion surplus it built up over the years.
Kodak Evaluates Options For U.S. Pension Plan, Including Potential Termination; Stock Surges
Eastman Kodak Co. (KODK) disclosed in a regulatory filing on Monday that it is evaluating options for its U.S. pension plan,
Kodak Shares Hit 2-Year High on Pension Termination Effort
Shares of Eastman Kodak surged after the company said it may terminate its U.S. pension plan and sold off some of the plan's assets. The stock rose 27% to a high of $6.70 in early trading. Shares haven't traded this high since August 2022.
Kodak Stock Hits Over 2-Year Highs On Pension Asset Sale And Termination Plans: Retail Applauds
Shares of Eastman Kodak Co. ($KODK), a former giant in the photography industry, jumped by more than 22% to over two-year highs in Monday morning trading after the company announced a major asset sale to the Mastercard Foundation,
Kodak considers options for U.S. pension plan, including possible termination
Eastman Kodak Company (NYSE:KODK) said on Monday it is reviewing options for its U.S. pension plan, including possible termination, in a bid to unlock the value of the overfunded fund. Kodak, whose products once dominated the photography and film industry,
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43m
Mastercard Foundation buys $764m of illiquid assets from Kodak pension
In addition to the sale to Mastercard, Kodak has also agreed to unload a smaller portion of its illiquid assets with $87.3 ...
20h
Kodak Stock Is Trading At 52-Week Highs: What's Going On?
Eastman Kodak Co. (NYSE: KODK) shares closed Monday's session up more than 18% after the company announced plans to terminate ...
1h
My favorite Kodak instant camera just fell to its lowest ever price — save up to 33% with this Black Friday deal
My U.K. brethren, don't fret! You can get the bundle with 68 sheets for 28% off at Amazon U.K. — there's something for ...
3h
Quavo Evokes Kodak Black’s “No Sex” Freestyle Fending Off Thirsty Fans In Thailand
Quavo channeled a recent Kodak Black freestyle after getting mobbed by a group of overzealous admirers in Thailand.
5d
Kodak Black Reveals He’s On Drugs Again: “I’m Never Sober, Bi**h”
Black's actions are just the latest in a string of alarming appearances featuring the rapper acting erratically.
23h
Kodak trading halted, news pending
EST Kodak trading halted, news pendingDon't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
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5d
Kodak looks to ramp up advanced materials and chemicals in 2025
Eastman Kodak's top officials are looking at building out a new facility next year to increase the company's capability in ...
5d
Kodak PIXPRO WPZ2 review
The Kodak PIZPRO WPZ2 is an easy camera to use, with a well-laid-out control scheme. You’ll find the power button and the ...
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