Kodak Enters into Agreement for Proposed Sale of Document Imaging Business to Brother Industries, Ltd.
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Rochester, New York-based Eastman Kodak Company has reached an agreement with Brother Industries, Ltd., for the proposed sale of certain assets of its Document Imaging business for a cash purchase price of approximately $210 million, subject to certain price adjustments at closing. In addition, Brother will assume deferred service revenue liability of the business, which totaled approximately $67 million as of Dec. 31, 2012.
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