Sponsored Contents

bankruptcyの最新記事

Image credit:
Save

コダックが経営破綻、破産法11条による事業再編を申請

Haruka Ueda
2012年1月19日, 午後08:00 in Bankruptcy
341シェア
0
302
0
39

連載

注目記事

Hue対抗スマート電球がアイリスオーヤマから。無線LAN搭載で3000円台、スマホ接続にハブも不要

Hue対抗スマート電球がアイリスオーヤマから。無線LAN搭載で3000円台、スマホ接続にハブも不要

View
ROG Phone日本上陸か!? ASUSが11月16日にゲーミングスマホの発表会を開催

ROG Phone日本上陸か!? ASUSが11月16日にゲーミングスマホの発表会を開催

View
米イーストマン・コダックが連邦破産法第11条、いわゆるチャプター11の適用を申請しました。世に言う経営破綻ですが、日本の民事再生にあたり、会社が消えてなくなるわけではありません。長期に渡って経営不振が続いていたコダックは、年初からは1ドル未満での株取引が続いており、上場廃止の観測もありましたので、結局こうなったという感じです。

フィルムの代名詞として一時代を築いたコダックが経営破綻に陥った背景として、デジタルカメラの普及とフィルムカメラ離れを挙げるのは簡単です。しかし、たとえばフィルムで長年のライバルだった富士がデジカメでも一定の存在感を示し、最近は技術を生かして化粧品などにまで手を広げているのを見ると、けっきょくコダックの経営がまずかった、選択と集中を進める中で間違ったほうに集中してしまった、としか言いようがありません。世界初のデジカメを開発したのが他ならぬコダックというのは皮肉なところ。古い市場での地位にこだわり新しい市場に乗り遅れるという、イノベーションのジレンマを示した格好の例として額に入れて飾るべきでしょうか。

コダックは今後、残った資産価値を最大化すべく奮闘しつつ、事業を継続しながら2013年いっぱいまで再編を進める予定。その資産価値最大化のためか、近頃のコダックは HTC やアップルなどを相手に知財をめぐって裁判攻勢を続けており、今日もちょうどサムスンを訴えています。



January 19, 2012 12:22 AM Eastern Time
Eastman Kodak Company and Its U.S. Subsidiaries Commence Voluntary Chapter 11 Business Reorganization

Flow of Goods and Services to Customers to Continue Globally in Ordinary Course

Non-U.S. Subsidiaries Are Not Included in U.S. Filing and Are Not Subject to Court Supervision

Company Secures $950 million in Debtor-in-Possession Financing in U.S.

Kodak's Reorganization to Facilitate Emergence as Profitable and Sustainable Enterprise

ROCHESTER, N.Y.--(BUSINESS WIRE)--Eastman Kodak Company ("Kodak" or the "Company") announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

"Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers."

The business reorganization is intended to bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines. The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011.

Kodak has obtained a fully-committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance liquidity and working capital. The credit facility is subject to Court approval and other conditions precedent. The Company believes that it has sufficient liquidity to operate its business during chapter 11, and to continue the flow of goods and services to its customers in the ordinary course.

Kodak expects to pay employee wages and benefits and continue customer programs. Subsidiaries outside of the U.S. are not subject to proceedings and will honor all obligations to suppliers, whenever incurred. Kodak and its U.S. subsidiaries will honor all post-petition obligations to suppliers in the ordinary course.

"Kodak is taking a significant step toward enabling our enterprise to complete its transformation," said Antonio M. Perez, Chairman and Chief Executive Officer. "At the same time as we have created our digital business, we have also already effectively exited certain traditional operations, closing 13 manufacturing plants and 130 processing labs, and reducing our workforce by 47,000 since 2003. Now we must complete the transformation by further addressing our cost structure and effectively monetizing non-core IP assets. We look forward to working with our stakeholders to emerge a lean, world-class, digital imaging and materials science company."

"After considering the advantages of chapter 11 at this time, the Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak," Mr. Perez continued. "Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers.

"Chapter 11 gives us the best opportunities to maximize the value in two critical parts of our technology portfolio: our digital capture patents, which are essential for a wide range of mobile and other consumer electronic devices that capture digital images and have generated over $3 billion of licensing revenues since 2003; and our breakthrough printing and deposition technologies, which give Kodak a competitive advantage in our growing digital businesses."

Mr. Perez concluded, "The Board of Directors, the senior management team and I would like to underscore our appreciation for the hard work and loyalty of our employees. Kodak exemplifies a culture of collaboration and innovation. Our employees embody that culture and are essential to our future success."

Kodak has taken this step after preliminary discussions with key constituencies and intends to work toward a consensual reorganization in the best interests of its stakeholders. Kodak expects to complete its U.S.-based restructuring during 2013.

The Company and its Board of Directors are being advised by Lazard, FTI Consulting Inc. and Sullivan & Cromwell LLP. In addition, Dominic DiNapoli, Vice Chairman of FTI Consulting, will serve as Chief Restructuring Officer to support the management team as to restructuring matters during the chapter 11 case.

More information about Kodak's Chapter 11 filing is available on the Internet at www.kodaktransforms.com. Information for suppliers and vendors is available at (800) 544-7009 or (585) 724-6100.

Kodak will be filing monthly operating reports with the Bankruptcy Court and also plans to post these monthly operating reports on the Investor Relations section of Kodak.com. The Company will continue to file quarterly and annual reports with the Securities and Exchange Commission, which will also be available in the Investor Relations section of Kodak.com.

関連キーワード: bankruptcy, chapter 11, Chapter11, kodak
341シェア
0
302
0
39

Sponsored Contents