Kodak announced today that it has filed for Chapter 11 bankruptcy protection. The move is “intended to bolster liquidity in the US and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the company to focus on its most valuable business lines,” Kodak said in a statement .The company expects to pay employee wages and benefits and continue customer programmes. Non-US subsidiaries are not subject to proceedings, and “will honour all obligations to suppliers”.
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