'Kodak Explores Tapping Pension Fund's $1.2B Surplus; So-called Pension Reversion Tactic Could Free Up Funds; Company Is Disbanding A Team That Oversaw The Pension Fund' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Eastman Kodak Co. is considering a pension reversion strategy to access a $1.2 billion surplus in its pension fund. This move would involve selling illiquid investments and liquidating positions to free up funds. The company is also disbanding a team that managed the pension fund.
February 29, 2024 | 8:48 pm
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Kodak is exploring a pension reversion to access a $1.2 billion surplus in its pension fund, which could free up significant funds for the company.
Accessing the pension fund surplus could provide Kodak with significant financial flexibility, potentially improving its financial health and investment capabilities. However, the strategy might raise concerns among stakeholders about the long-term implications for retirees, possibly affecting the company's reputation.
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