Deals
Kodak Drops on Report It Is Preparing for Bankruptcy Filing
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Eastman Kodak Co., the imaging company that lost 88 percent of its market value last year, fell after a report that the company is preparing for a bankruptcy filing should its effort to sell patents fail.
Shares of the Rochester, New York-based company declined 28 percent to 47 cents at the close in New York. The company may file for bankruptcy protection this month or early February if it can’t sell digital patents, the Wall Street Journal reported today, citing people familiar with the matter.