Kodak trustees agree $2.8bn debt-for-equity deal

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Eastman Kodak is to hand over part of its business to the trustees of its UK scheme in a deal that will release the company from a $2.8bn (£1.8bn) claim to support the underfunded scheme.

Trustees will take ownership of the US firm's personalized imaging and document imaging businesses under of the deal which will enable the company to emerge from chapter 11 bankruptcy. These inc...

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