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Kodak denies it's shutting down amid media reports of finicial struggles

1. Kodak denies reports of shutting down or filing for bankruptcy. 2. Financial challenges include $477 million in term debt obligations. 3. Plans to use $300 million from pension to address debt. 4. Company aims for a stronger balance sheet by early next year. 5. Kodak historically struggled with financial stability since the rise of digital tech.

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FAQ

Why Neutral?

While Kodak's denial of closure is positive, financial instability remains a concern.

How important is it?

The company’s financial challenges and future plans directly affect investor sentiment and stock value.

Why Short Term?

Immediate debt management efforts could stabilize stock in the near term.

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