Eastman Kodak announced that the U.S. industry-leading cameras in early Thursday it had made the request and placed under the protection of Chapter atheist ten U.S. law on bankruptcy to restructure its founder, away from the pursuit of creditors.The group that owns the credit facility worth $ 950 million obtained by negotiating with the bank Citigroup, said in a statement that it "believes it has sufficient liquidity to conduct its activities under Chapter atheist century and continue to ensure the products and services to its customers as usual."The group does not include a request that was submitted to the court in New York, its subsidiaries outside the United States, which will continue to honor its financial obligations, she said Kodak.The company was founded more than a century, leading to the spread of photography and make it accessible to all. But they had difficulties in coping with the digital age and forced after years of poor performance on the demobilization of 47 000 employees and close 13 factories since 2003.He said Group General Manager Antonio Perez, "The Board of Directors and senior management staff all agree that this step is necessary and it's the right thing for the future of Kodak."Peres said in a statement that "Our goal is to increase the value to the fullest extent of the shareholders, including employees, retirees and creditors. We are also committed to working with our customers."On the eve of bankruptcy, were not exceeding the value of the group $ 150 million in the stock market after it stayed for more than seventy years in the club of thirty major companies closed for the Dow Jones.Was withdrawn from the index in 2004 and remained its stock is threatened for weeks to stop pricing due to lack of funds
Source: French
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