Merger and Acquisitions Recap: Eastman Kodak Turns To Other SALES, QEP’s N Dak Purchase PRAISED

Bankrupt Eastman Kodak Co. (EKDKQ) is mulling the divestiture of its document imaging and personalized imaging divisions, having seen its attempts at auctioning off its patents fail with low offers. Even worse, the historic camera-maker has announced plans to cease the production of cameras, in order to concentrate upon enterprise solutions.

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QEP Resources, Inc. (NYSE:QEP) is paying a high valuation in its $1.4 billion acquisition of North Dakota properties, which an analyst at Imperial Capital calls a good sign for other regional players: “This acquisition is a positive read-through to the pure play Bakken players, which we believe are takeout candidates.” Oasis Petroleum Inc. (NYSE:OAS) and Triangle Petroleum Corporation (AMEX:TPLM) are currently thought to be the most attractive candidates for buyout.

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