Reported about 7 hours ago
Kodak's pension plan board has sold a portion of its illiquid assets to the Mastercard Foundation for $550.6 million and is contemplating winding down the fund, aiming to access a surplus of approximately $1 billion. Despite this move, Kodak assures that current and future retiree liabilities will be met. Share prices surged following the announcement as Kodak prepares for the potential sale of more assets.
Source: YAHOO