On Friday, a familiar name will return to the New York Stock Exchange.
A much smaller version of one-time photography giant Eastman Kodak will join the Big Board on Nov 1., trading under the symbol KODK. The return comes more than a year after it sought Chapter 11 bankruptcy protection. The shrunken company emerged from bankruptcy last month, the Associated Press notes.
Kodak became a household name after it brought photography to the general public a century ago. The company even built some of the earliest digital cameras. But it held on stubbornly to its film-processing business long after the market had moved to digital imaging and developed a corporate culture that resisted change.
While attempting to shed its debts in bankruptcy, the company sold of many of its patents and its traditional film photography business, which was purchased by a British pension group.
The reorganized Eastman Kodak will concentrate on its commercial printing business.