Kodak selling imaging assets to Brother for $210 million

Bankrupt Eastman Kodak has announced today that it has agreed to sell document-imaging assets to Brother for $210 million, setting a starting bid if other companies want to compete for them. Brother, which sells office equipment like multi-function printers, will also assume $67 million in customer prepayment liabilities. In its effort to emerge from Chapter 11 bankruptcy, the company ... [ read the full article ]