Some of the funds expected to be raised in the shedding of the imaging businesses will be used to support Kodak's emergence from Chapter 11, in addition to the growth of its commercial printing, packaging and functional printing businesses, the company said.

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Kodak noted that in addition to the commercial, packaging and functional printing and enterprise services businesses, it also continues to own and operate the Consumer Inkjet, Entertainment Imaging, Commercial Film and Specialty Chemicals businesses, given the company's expertise, capabilities and strong customer relationships in these markets, as well as their combined cash-generating capability.

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