The division will eventually have the capacity to produce as much as 25 percent of the active ingredients used in generic drugs in the United States. The day before the loan was announced, trading in Kodak shares surged, and its stock jumped about 25 percent, closing at $2.62 a share. Around the time that Kodak began talking with the federal government this spring, Kodak insiders began receiving stock options. On May 20, Kodak handed out 240,000 stock options to board members — an addition to its usual equity distribution in January. The May stock options awarded to directors are now worth about $4 million.

Source: International New York Times July 31, 2020 21:45 UTC