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Kodak Files Plan to Exit Bankruptcy Protection

Published on May 1, 2013
by Marie Beaudette and Jacqueline Palank

Eastman Kodak Co. has filed a plan to exit Chapter 11 bankruptcy protection that would hand ownership of the company to its bondholders and unsecured creditors.

Under the plan, filed late Tuesday, second-lien noteholders owed $375 million would get 85 percent of the new common stock in the restructured Kodak.

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