Will Apple derail Kodak's patent sale?
Investment banks Lazard Ltd and Jefferies & Company Inc are advising unsecured company creditors and are cooperating on plans for a sale of Kodak’s digital imaging 1000-patent portfolio. Kodak hopes that this sale will bring in as much as $2 billion via an auction process, the terms of which are specified in one or more loan agreements. The company is expected to disclose bidding procedures by mid-year.
