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Eastman Kodak's US$765 million US loan agreement on hold after recent allegations

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WASHINGTON (REUTERS) - Eastman Kodak's US$765 million (S$1 billion) loan agreement with the US government to produce pharmaceutical ingredients has been put on hold due to 'recent allegations of wrongdoing,' the US International Development Finance Corp (DFC) said.. Read more at straitstimes.com.

WASHINGTON - Eastman Kodak's US$765 million loan agreement with the US government to produce pharmaceutical ingredients has been put on hold due to"recent allegations of wrongdoing," the US International Development Finance Corp said.

Kodak shares surged more than 1,000 per cent last week after the loan was announced, generating a windfall for executives, some of whom had received options one day earlier.

 

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