Kodak amends rights offering procedures to include limited transfer

By Caroline Salls

Pittsburgh, Aug. 2 - Eastman Kodak Co. amended the proposed procedures for its offering of rights to purchase shares of stock in the reorganized company, according to an 8-K filed Friday with the Securities and Exchange Commission.

Under the amendment, purchasers of shares of common stock in the rights offering will have the limited ability to transfer those shares under an available exemption other than Rule 144 under the Securities Act, subject to certification requirements.

Kodak is a Rochester, N.Y.-based imaging technology products and services provider to the photographic and graphic communications markets. The company filed for bankruptcy on Jan. 19, 2012 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 12-10202.

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