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 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 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 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 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 sell off its pension fund come to fruition.
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 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 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.
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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 ...
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 ...