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Eastman Kodak shares fell after reporting that government credit is being held



Shares of Eastman Kodak Co. KODK,
-7.63%
fell 45% in pre-determined active trading on Monday, following reports that U.S. Corp. for International Development is giving up its planned $ 765 million loan after the deal came under regulatory scrutiny. The stock was rocketed 13 times in two days after it was announced on July 28 that IDFC would give Kodak a loan to help produce the ingredients to produce generic medicines. Under the question of how Kodak controlled the credit unveiling, as shares rose 25% in active trading the day before the news, amid active stock trading. Kodak revealed Friday that it has appointed a special committee to oversee and review internally the latest activity by the company and related parties in connection with the announcement of the government̵

7;s possible loan. As Friday closed at $ 14.88, shares had pulled back 55% since July 29th.


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