Kodak Pension Fund to seek bailout

Alan Edward Klein said:

I did find this article from yesterday. It doesn;t look good. I was wondering what would happen to Alaris and Kodak furnished Alaris film if Kodak went out of business? They make the film for Alaris I believe.
https://seekingalpha.com/article/4273495-fight-survive-mode-kodak-zombie-stock

Click to expand...

A bad share value alone does not tell the whole story. See the Agfa share, still you do not read doomsday articles anymore.

Interesting.

We can always depend on Kodak to liven things up a bit if we get bored.

I suspect these things are bound to happen every few years. After all we have a pension fund running a business to sell film that is provided by an American company that has declared bankruptcy once and has been flirting with that same problem ever since.

Not the most stable scenario imaginable.

of course you have Carestream being owned by Venture capitalists ONEX. so by that standard, a pension fund is stable ownership.

It is interesting to me that:
1) the terms of the 2012? bankruptcy settlement were approved by the UK Pension Protection Fund before the settlement went ahead;
2) the amount paid by the Kodak Limited Pension Plan to the trustee in bankruptcy for Eastman Kodak as part of that settlement (in return for releasing the super priority that the Pension Plan was entitled to and receiving a transfer of the assets they received), was very similar ($600,000,000.00 USD IIRC) to the amount being "bailed out" now.
I guess the bail out would have been even larger if they hadn't received what they did from the settlement.