Eastman Kodak Co., the world’s largest photography company, is making “significant progress” toward deciding the fate of its health- care imaging unit.
The company has been examining options including a sale or a spinoff since May. The final plan will come by Feb. 8, when Kodak meets with investors in New York City, the Rochester, N.Y.-based company said Wednesday in a statement.
Kodak produces X-ray film at its plant in Windsor.
Shedding the X-ray film and equipment unit would free chief executive Antonio Perez to focus on building Kodak’s main business and furthering a move to digital from film. The remarks Wednesday may indicate that Kodak is having trouble finding a buyer, because Perez had intended to reach a decision by year-end.
“Kodak is trying to get the maximum price; they probably wanted too much money for it,” said Rusty Robinson, president of Robinson Investment Group in Brentwood, Tenn. He values the unit at about $1.7 billion.
