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Kodak Acquires Laser-Pacific Media

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HOLLYWOOD, Calif., Nov. 4 -- Eastman Kodak Co. announced it has completed the acquisition of Laser-Pacific Media Corp., a Hollywood-based post-production company. Laser-Pacific stockholders voted on Oct. 30 to approve the acquisition, which was previously announced on August 1. Kodak acquired the outstanding shares of Laser-Pacific at a price of $4.22 per share. The purchase price, totaling approximately $30.5 million, will be paid in cash. As of June 30, Laser-Pacific had $1.9 million in net debt. Laser-Pacific will operate as a wholly owned subsidiary of Kodak, and will become a part of the...Read full article

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    Published: November 2003
    Eastman Kodak Co.KodakLaser-Pacific MediaNews & FeaturesLasers

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