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Kodak files voluntary petitions for business reorganisation

23 January 2012

Eastman Kodak Company and its US subsidiaries have filed voluntary petitions for chapter 11 business reorganisation in the US Bankruptcy Court for the Southern District of New York.

The business reorganisation is intended to bolster liquidity in the US and abroad; monetise non-strategic intellectual property; fairly resolve legacy liabilities; and enable the company to focus on its most valuable businesslines.

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