Pursuits
Intel Is Among Tech Giants Opposing Kodak Technology Sale
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Intel Corp., Ricoh Co., Nikon Corp., Motorola Solutions Inc. and Apple Inc. are among the high-technology companies opposing Eastman Kodak Co.’s plan to sell digital-imaging technology at an auction tentatively scheduled for August.
Kodak filed court papers this month to set up procedures for what it calls a “flexible, competitive sale process” culminating in an auction. The technology companies filed papers on June 25 objecting to key aspects of the proposed sale. The bankruptcy court in Delaware will hold a hearing on July 2 to decide if sale procedures pass muster.