Eastman Kodak to sell document imaging business assets

(Reuters) - Bankrupt photography pioneer Eastman Kodak Co said it has agreed to sell some of its document imaging business' assets for $210 million in cash under a stalking horse bid by Brother Industries Ltd. Brother Industries will also be assuming liability for deferred service revenue from its document imaging business, totaling about $67 million as of Dec 31, 2012. "Stalking horse bids" set baseline offers for assets and are subject to auctions. Kodak will seek U.S. Bankruptcy Court approval for the deal at a hearing scheduled in late April. The U.S. ...

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