Eastman Kodak to Return to NYSE Nov. 1

by Christopher Freeburn | October 30, 2013 8:52 am

Eastman Kodak to Return to NYSE Nov. 1

kodak 630 300x225 Eastman Kodak to Return to NYSE Nov. 1[1]On Friday, a familiar name will return to the New York Stock Exchange[2].

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[3]. 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[4].

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[5].

The reorganized Eastman Kodak will concentrate on its commercial printing business.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/09/kodak-630.jpg
  2. will return to the New York Stock Exchange: http://www.washingtonpost.com/business/eastman-kodak-to-list-shares-on-nyse-beginning-friday-as-its-comeback-continues/2013/10/29/35e4d652-40d8-11e3-b028-de922d7a3f47_story.html
  3. sought Chapter 11 bankruptcy protection: http://investorplace.com/2012/01/eastman-kodak-chapter-11-bankruptcy-ek/
  4. long after the market had moved to digital imaging and developed a corporate culture that resisted change: http://investorplace.com/2012/01/proof-kodak-was-doomed-14-years-ago/
  5. which was purchased by a British pension group: http://investorplace.com/2013/04/group-of-retirees-to-get-kodaks-iconic-film-business/

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