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  • updated.robot updated.robot Apr 19, 2013 5:47 PM Flag

    Sports-Junkie, where are you hiding?!? no informative posts lately, or I am not finding them?

    What's happening with Kodak these days, can you tell us EK status and future events and your assessments and opinion, don't disappear, we need ur wisdom

    thxxx,,, the Robot

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    • 8K filed today re DI sold to Brother. More info coming out regarding the sale, this will be great for EK because it provides more income going forward and EK can venture into other Commercial Imaging products.

      EK will get lease income for space leased to Brother for 141,000 square feet of office space at EBP for 3 years and EK will be supplying Brother with parts with an agreement for 4 years.

      EK is just getting itself ready to exit BK.


      • 2 Replies to sports_jjjunkie
      • JUNKER, so now you think that total price of $277 million, (including warranty assumption) for $435 million of revs is a good deal?

        Was this deal for more than book value or less?

        Oh... Junker... you poor blind buffoon...

        What exactly do you do beside post delusional theories on this MB?

      • Upon the closing of the transactions contemplated by the Agreement, the parties will enter into certain ancillary agreements, including, among others, (i) a real estate lease, pursuant to which Kodak will lease to Brother approximately 141,000 square feet of office space at Eastman Business Park in Rochester, New York for a period of three years subject to the terms and conditions set forth therein, (ii) an equipment supply agreement, pursuant to which Kodak Electronic Products Shanghai (“KEPS”), an affiliate of Kodak, will supply Brother with products sold in the Business for a period of four years subject to the terms and conditions set forth therein, (iii) a trademark license agreement, pursuant to which Kodak will grant to Brother and certain of Brother’s subsidiaries a five year worldwide exclusive license to utilize the Kodak brand and trade dress in the document imaging field, (iv) certain license agreements, pursuant to which Brother will (A) license certain rights in all patents owned by Kodak (other than patents included in the Transferred Assets), (B) sublicense certain rights retained by Kodak in the DC/KISS patents sold to the DC/KISS Licensors (as defined in the DC/KISS Patents Sublicense Agreement), and (C) license certain rights in all software (other than software included in the Transferred Assets) and intellectual property (other than any patents, trademarks, or know-how) owned by Kodak and used in the operation of the Business as of the closing date, (v) a patent grant-back license agreement, pursuant to which Kodak will license back from Brother certain rights in the patents included in Transferred Assets, and (vi) transition services and reverse transition services agreements.

        Sentiment: Strong Buy

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