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 performance. The SEC filing stated that Kodak looks to use the cash from the cut and sale of the plan,
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.
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 million in net asset value to four undisclosed investors. The purchase price is set at $61.7 million, according to the filings.
Kodak Stock Hits Over 2-Year Highs On Pension Asset Sale And Termination Plans: Retail Applauds
Shares of Eastman Kodak Co. ($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 Sells PE Assets to Mastercard Foundation, 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 considers options for U.S. pension plan, including possible termination
According to a filing on Monday, Kodak agreed to sell private-equity and other illiquid assets held by the pension plan, with Mastercard Foundation, agreeing to purchase interests with a net asset value of $764.4 million, while four additional unnamed buyers agreed to purchase $87.3 million.
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 reviewing options with respect to KRIP, including possible termination
In a regulatory filing, Eastman Kodak (KODK) disclosed that on November 20, the Kodak Retirement Income Plan Trust, in its capacity as holder
International Business Times43m
Kodak Considering Terminating $3.5 Billion Pension Plan: Report
Kevork Djansezian/Getty Images Eastman Kodak has begun taking steps to end its $3.5 billion ... The agreement was made ...
Yahoo Finance1d
Eastman Kodak Company (KODK)
(Bloomberg) -- 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 ...
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 ...
WSKG5d
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 ...