A planned $ 765 million heavy credit for Kodak, made the stock of the photo-pioneer short term high to shoot, has been placed by the American government on ice. The investment Agency DFC announced at the weekend that all allegations of misconduct around the Deal removed have to be.
The Kodak stock cost only a few dollars – however, after the announcement in late July that the company should get the money, to drug manufacture ingredients, the price rose steeply up to the mark of 60 dollars. As a few days after the signing of the Declaration of intent was clear, how many conditions must meet Kodak for the credit, the share is on rapid decline and was last at $ 15.
attention attracted events prior to the announcement of the credit plans. So there was already a day before, a much more vigorous trade in Kodak stock as usual, and the price rose strongly. Some local media had been informed by Kodak in advance and published to the confusion about lock-up periods to early Tweets and articles that were quickly deleted.
Senator Warren calls for investigation of transactions
Senator Elizabeth Warren called for an investigation into the dealings prior to the announcement of the credit plans by the securities and exchange Commission. According to Information of the "Wall Street Journal" looks at the authority of the facts of the case. Kodak announced on Friday its own investigation of the processes.Updated Date: 09 August 2020, 13:20