(Marketwatch) Shares of Eastman Kodak Co. KODK, -31.62% were down 24% in afternoon trading Monday, putting them on track for a third straight double-digit percentage decline, after the digital printing and film company, which is getting into the pharmaceutical-ingredients business, disclosed that holders of convertible notes were exercising their right to convert those notes into common stock.
Kodak’s stock tumbles after disclosure that investors have converted debt into nearly 30 million shares
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