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KODAK SAID TO WEIGH BANKRUPTCY FILING TO SPUR PATENT SALE

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Eastman Kodak Co , the unprofitable 131-year-old camera maker, is weighing options including a bankruptcy filing because of concerns raised by possible bidders for its patent portfolio, said three people with direct knowledge of the process. The shares plunged.

Some potential buyers of the patents are reluctant to proceed with bids because a purchase may amount to a so-called fraudulent transfer if Kodak becomes insolvent, said the people, who asked not to be named because the talks are private.

Eastman kodak new logo
http://www.bloomberg.com/news/2011-09-30/kodak-said-to-weigh-bankruptcy-filing.html

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