Eastman Kodak Company has no intention to file for bankruptcy and has released this statement in response to rumours circulating in the capital markets:
Kodak is committed to meeting all of its obligations and has no intention of filing for bankruptcy. The company also continues to actively pursue its previously announced strategy to monetise its digital imaging patent portfolio. The company remains focused on meeting its commitments to customers and suppliers, and on delivering on its strategy to become a profitable and sustainable digital company.
It is not unusual for a company in transformation to explore all options and to engage a variety of outside advisers, including financial and legal advisers. Jones Day is one of a number of advisers that Kodak is working with in that regard.