In February, the company announced a reorganization plan to integrate its core seed and crop protection branches to position it to outpace its major competitors.
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"The initiation of a process to sell the Personalized Imaging and Document Imaging businesses is an important step in our company's reorganization to focus our business on the commercial markets and enable Kodak to accelerate its momentum toward emergence, " said Antonio M.
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Kodak believes that the sale of these assets, as well as continued cost-reduction initiatives, curtailment of its legacy liabilities, and the monetization of the company's digital imaging patent portfolio, will be significant milestones toward completing the company's reorganization and emergence from Chapter 11 during 2013.
ENGADGET: Kodak to sell the film business that made it so famous (update)
Don Jackson, who was running Pilgrim's Pride throughout the reorganization process, says although JBS has been part of the company's corporate reorganization, it did not interfere in chicken operations.
The company is planning a reorganization that includes the sale of some assets, but it also needs to raise capital.
The company said the ownership of the parent company is unaffected by the reorganization.
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The company is currently undergoing a reorganization, and Mr. Floyd said many employees are uneasy.
The moves are part of a reorganization of the company into three new groups: Web security, WAN optimization and cloud services.
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As part of the reorganization, the company will cut 65 jobs in the U.S. and Europe, including suspension of operations at its Midland, Michigan plant.
American spokesman Sean Collins said that while a company's Chapter 11 reorganization doesn't mean pension plans will be taken over or terminated, either outcome is possible.
The real question is whether there will be enough value left after the pending reorganization of the company for common shareholders to receive anything at all.
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While FB may have been built on the internet, and its operation is primarily internet based, this viewpoint is a major stumbling-block to the effective reorganization of your company.
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It looks like his call was right on the money: The company filed for Chapter 11 reorganization Dec. 12. (Note: Summers made this pick prior to Nov. 30, before the company filed for bankruptcy).
"Tribune's board of directors is focused on filing the company's plan of reorganization this Friday and has no comment on any other issue, " a Tribune spokesman said in a statement, declining to comment further on the meeting.
He served on the board of amusement park operator Six Flags Entertainment Corp. from 2005 until this April, during which time the company filed for Chapter 11 bankruptcy reorganization. (In May, Six Flags announced it had emerged from Chapter 11.) Mr. Schar also helped raise funds for George W. Bush's 2000 and 2004 presidential campaigns.
Other common reasons: Reorganization or restructuring of a company, cost cutting, and bankruptcy.
Accenture, a global management consulting, technology services and outsourcing company, believes retailers are putting more effort into multichannel reorganization.
They are cultivating networks of opportunity that they can tap into at any time they need to--like at the next hint of reorganization, layoffs or slow growth in their company.
Mr. Toyoda said the reorganization was undertaken to better enable the Japanese company to handle growth as it continues its push beyond a string of challenges, such as a massive recall at the start of his tenure.
Former Harvard Business professor Clark Gilbert engineered a major reorganization of the Deseret media properties, building a digital company, creating a new-and more narrowly focused-editorial identity for the newspaper and unveiling a weekly national print edition.
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OOPS. The check for the excise tax bounced and the company did nothing to clean it up in the early part of its reorganization.
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The additional conditions include the consummation of a Plan of Reorganization by September 30, 2013, the resolution of the company's U.K. pension obligations, and the successful completion of all or a portion of the sales of Kodak's Document Imaging and Personalized Imaging businesses, as detailed in the agreement.
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Intel conducted a massive reorganization early in 2005, just before Otellini took over as the company's top executive.
But the reorganization deal got squashed, and Winget--who still owns the company--and creditors remain in negotiations.
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