EK » Topics » Sale of the Newco To Buyer.

This excerpt taken from the EK 10-Q filed May 9, 2007.
Sale of the Newco To Buyer. Prior to the Closing Date, Buyer or an Affiliate thereof purchased from Seller and Eastman Kodak Holdings B.V. all of the issued and outstanding capital stock of Medical Flow Solutions S.A. for a purchase price of US $10,000.

The parties agree that, immediately after that purchase, Medical Flow Solutions S.A. should have held US $10,000 in cash, but if Buyer determines that the amount of cash in Medical Flow Solutions S.A. at such time was less than such amount, Buyer shall deliver a certificate to Seller, including a bank statement detailing the amount of cash that Medical Flow Solutions S.A. had at such time, stating the amount of such deficiency; and Seller shall pay the amount of such deficiency to Buyer within five days of such delivery. Any portion of the US$10,000 of cash that is in Medical Flow Solutions S.A. on the Closing Date will be treated as Excluded Cash for purposes of Section 5.7(b) and, notwithstanding anything to the contrary in the Agreement, is a Transferred Asset for all purposes of the Agreement.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki