http://www.capsystech.com/static.asp?path=5646

Monday, April 15, 2013

Brother Puts Up Stalking Horse Bid for Kodak DI

Brother Industries has posted the initial "stalking horse" bid in the auction for Kodak Document Imaging. The way I understand it is that the $210 million offer will serve as the minimum bid in an auction that will take place throughout May and close in June. According to the press release on the bid, "Kodak will seek U.S. Bankruptcy Court approval of the bidding procedures at a hearing in late April and is targeting final court approval of a transaction in June."

When Kodak announced it was selling Document Imaging last August, it was advertised as a $400 million profitable business coming off a record year. There is not doubt that the uncertainty surrounding Kodak corporate's bankruptcy has negatively impacted Kodak DI's sales, but $210 million still seems like somewhat of a bargain. That said, the deal also includes  Brothers' accepting $67 million in owed service contracts - presumably stuff that can continued to be renewed, so it shouldn't have negative impact on the bottom line.

Brother would be classified as a strategic buyer as it was recently moved into the document scanner market with the release of some mobile and desktop workgroup models.When I last talked with Brother executives, they said they indicated the vendor had plans to keep moving upstream and an acquisition of Kodak would certainly be one way to do that.

Rumor has it that several venture capital/investment firms were also looking at Kodak, so perhaps there will be a higher bid between now and June. But, remember the prediction I made back in January, "Kodak DI will be acquired by a major printer vendor." The ball is in play.

12 comments:

Schaffner said...

123-hp-printer-support.com

Franklin said...

123.hp.com/setup,123.hp.com,123 hp com

Judy Hobbs said...

123hp

Robert Wilder said...

Thanks for sharing this nice blog. Choosing the best Home Internet provider is very determining the kind of Online experience that you gonna get! Pick the Internet service provider (ISP) with a superior network and utmost reliability. Then find the Internet plan that suits your speed needs. We’ve compiled some of the best Cheap Internet plans with all these aforementioned features. Navigate to our web page to see those!

Garmin GPS said...

I know the value of MyGarmin Express and keep reading good content about the same. I found this blog very informative and it increased my understanding about garmin update to a great extent. You can use Garmin Map to get Garmin lifetime maps update or call +1-888-309-0939 for instant help from Garmin GPS experts.

Roku-comlink said...

Many people face difficulty in finding Roku account sign in. If Roku account sign in problem We are a team of Roku experts who help roku users in using Roku Com Link at its best and without any hassle.

Home Appliance Services said...

If your LCD/LED TV won't turn on, or makes repeated clicking sounds and display not screen, there is a very good chance that you can save time doing this best tv repair centre Mumbai. Samsung TV Service Center in Mumbai is best LED LCD TV service center in Mumbai. we provide Samsung TV repair service with affordable cost.

Garmin.com/express-updates said...

Garmin express update also has to be checked from time to time to ensure the application's optimum functionality. Using Garmin.com/Express is not tricky as it seems to be. It’s just that you need to follow all steps in proper sequence. If you do this, installing Garmin Express will be a smooth process.

Fubo.tv/Activate said...

Fubo Tv let you stream endless online content from music to TV shows from sports to TV shows and many more. Peoples login using the fubo.tv/Activate which you get at the launch of the application.
Fubo.tv/Activate

Fubotv Activate said...

With fubotv You can also enjoy custom-built sport navigation services, It comes with a dedicated Cloud DVR to store your favorite movies, shows, and sports events. More viewers think activation process of fubotv account login a tricky task. But it is very easy if you follow certain steps in a correct way. Fubo.tv/Activate

Addons said...

Los Angeles SEO Consultant
Web Development Company in Los Angeles
Mobile App Development Los Angeles
Social Media Advertising Services

Fubo.tv/Activate-code said...

All the shows and movies are without problems sorted as per the genre, thereby making it very effortless to navigate the menu. One of the advantages is Fubo tv put its consumer interface as the first option, not like different streaming Tv offerings that deal with Fubo on-demand as an afterthought. Fubotv free trail