Kodak Considers Shifting Pension Fund Investments to Tap $1.2 Billion Surplus
Originally Published 1 year ago — by Reuters
Eastman Kodak Co is reportedly considering tapping into its overfunded pension system, which has a surplus of about $1.2 billion, in a move known as a pension reversion. This maneuver would allow Kodak to take control of the surplus instead of leaving it for current and future retirees, potentially using the proceeds to pay down debt and invest in growth initiatives. The company's shares surged about 52.6% following the news.