Kodak Inks Debt-Settling Deal to Sell Camera Film, Document Imaging Businesses

More than a year after declaring Chapter 11 bankruptcy, Kodak has made a deal to sell the camera film business on which it was founded, among other assets. As part of a $2.8 billion settlement agreement with its largest creditor, the U.K. Kodak Pension Plan (KPP), the company’s personalized imaging and document imaging businesses will be spun off under new ownership to KPP. The deal, announced today and subject to the approval of the U.S.