Kodak Plans To Split Sale

Fri., Aug. 12, 1994

From Staff

Eastman Kodak Co., seeking bids for L&F Products, has decided to try to sell the business in two parts because it couldn’t get the price it wanted for the whole division.

By splitting L&F’s worldwide household products business from its do-it-yourself goods business, Kodak believes it can “deliver the best results for its shareholders,” spokesman Paul McAfee said.

The entire L&F unit has been valued by analysts at $1.7 billion to $2 billion. Colgate-Palmolive Co., Unilever PLC and Reckitt & Colman PLC are reported to be finalists in the bidding.

The division, based in Montvale, N.J., said Wednesday it was reopening the bidding for the separate units.

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Kodak Plans To Split Sale

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