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KODK - Kodak convertible debt holders cash in on stock rally
Eastman Kodak Company Common New
Holders of Kodak's (NYSE:KODK) 5.00% Secured Convertible Notes due 2021 are exercising their rights to convert $95M of the Notes into ~29.9M common shares, worth almost $654M based on Friday's close of $21.85. The company expects to issue the shares today.
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