Kodak Enters into Agreement for Proposed Sale of Document Imaging Business to Brother Industries, Ltd.: Brother to provide stalking horse bid
ROCHESTER, N.Y. - Eastman Kodak Company has reached agreement with Brother Industries, Ltd., for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million, subject to certain price adjustments at closing. In addition, Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of December 31, 2012.
