Brother, which sells office equipment like multi-function printers, will also assume $67 million in customer prepayment liabilities.
In its effort to emerge from Chapter 11 bankruptcy, the company has been selling assets and slimming down. Kodak sold $525 million worth of digital-imaging patents last year, shut down their consumer inkjet printer unit, and is searching for buyers for its consumer film and photo kiosks.
The eventual goal is to emerge as a profitable company working with commercial printing and packaging.
Written by: Andre Yoskowitz @ 15 Apr 2013 23:16
