Holding company bids for Kodak

March 1, 2007

By midyear, Kodak Health Group could split from Eastman Kodak and begin operating as an autonomous subsidiary of Onex Corporation, a Canadian holding company that already owns seven healthcare firms, including a chain of imaging centers.

By midyear, Kodak Health Group could split from Eastman Kodak and begin operating as an autonomous subsidiary of Onex Corporation, a Canadian holding company that already owns seven healthcare firms, including a chain of imaging centers.

The acquisition, announced on 10 January, is valued at US$2.35 billion ( Euro 1.81 billion). The purchase price is based on an equity payment of US$475 million ( Euro 367 million) and the assumption of debt.