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KODAK DIVESTITURES OF STERLING, OTHER UNITS "NOT A FIRE SALE"

This article was originally published in The Tan Sheet

Executive Summary

KODAK DIVESTITURES OF STERLING, OTHER UNITS "NOT A FIRE SALE," Chairman and CEO George Fisher told a May 3 press conference in New York announcing Kodak's plans to divest Sterling Winthrop, L&F Products and the company's clinical diagnostics business. "This is not a fire sale; these are good properties and we expect to get a very good price for them," Fisher said, adding that "the non- imaging health businesses will do even better without us because they will be a part of somebody else's core strategy."
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