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Kodak Considering Terminating $3.5 Billion Pension Plan
Kodak Stock Jumped. It Found a Boatload of Cash—in the Pension Plan.
Kodak stock jumped Tuesday after it found a lot of cash—in the company’s pension plan. Monday, Kodak said its pension plan sold “illiquid” assets worth about $764 million for about $551 million. It’s selling some other assets listed at $87 million for $62 million.
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 Considering Terminating $3.5 Billion Pension Plan: Report
Eastman Kodak has begun taking steps to end its $3.5 billion pension plan, agreeing to sell private-equity and other illiquid assets attached to it.
Kodak looks at possibility of terminating pension plan
Kodak stands to gain more than a half-billion dollars if the current pension plan is terminated, due to a surplus in the fund. Company officials said the changes would also 'preserve and protect' the retirement benefits of current participants in the plan.
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 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.
PrintWeek
1d
Kodak eyes $550m-plus pension scheme windfall
Kodak could benefit from a whopping $585m (£464m) windfall – more than the current value of the entire company – if plans to ...
3d
on MSN
Kodak Sells PE Assets to Mastercard, Mulls Shuttering Pension
The board of Eastman Kodak’s pension plan sold a portfolio of illiquid assets to the Mastercard Foundation and is considering ...
secondariesinvestor
2d
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 ...
Wall Street Journal
3d
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 ...
2d
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 ...
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