It was one of the great brands in the world. But the DFC has now put the deal on hold after the Securities and Exchange Commission launched an investigation into potential insider trading after a massive amount of Kodak shares traded hands the day before the loan's announcement.
James Clyburn, D-S. Peter Navarro, Trump's trade adviser who helped shepherd the plan, tweeted: "VERY disappointed last week's great deal with Kodak tarnished by allegations.
Navarro added that the United States "must redouble efforts to bring our pharma manufacturing home. Kodak has launched its own independent review of the actions but expressed confidence that talks with the administration will continue.
But some financial analysts question whether Kodak has the financial prowess to Hold U this successfully. George Conboy, a financial analyst based in Kodak's hometown of Rochester, N. A senior U. Officials said while Kodak has Hold U an initial screening process, including site visits and an interagency review, the government is only now beginning the more rigorous vetting process.
That process involves the DFC contracting with outside lawyers and accountants to dig deeper into the company's financials — a process that could take at least a couple of months. Accessibility links Skip to main content Keyboard shortcuts Hold U audio player. NPR Shop. Facebook Twitter Flipboard Email. Central Time can begin on the Hold U Postal business day at the earliest. You may locate the phone number and address using Post Office Locator. Back to Top. The third party that you authorize will need to present Acceptable Forms of Identification.
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