KKR’s Representatives On Kodak’s Board Resign As Bankruptcy Looms
A little over two years ago, on September 29, 2009, Kolhberg, Kravis Roberts purchased $300 million in Senior Secured Notes from Eastman Kodak(EK) and was granted 40 million warrants at $5.50 per share. As part of the investment, KKR exercised its right to nominate two directors, Herald Chen and Adam Clammer. Today, Kodak announced that Mr. Chen and… Read More »