NEW YORK (TheStreet) -- Eastman Kodak will re-list its shares on the New York Stock Exchange (NYX) on Friday, nearly two months after the iconic film and camera pioneer exited an 18-month long bankruptcy process that re-positioned the company away from consumer products.
Kodak will list with the NYSE under ticker symbol "KODK" and begin trading on Nov. 1, the company said in a Tuesday afternoon statement. TheStreet first reported Kodak's plans to re-list on the NYSE after emerging from bankruptcy.
"We are pleased to once again be listed on the NYSE. The change in our symbol reflects that we are a new company that is focused on business-to-business products and services, well-capitalized and firmly committed to delivering value to our shareholders and innovation to our customers," Antonio M. Perez, Kodak's CEO said in a press release.
Kodak will be a dramatically different company as it returns to the NYSE, the exchange where it traded for many decades and was once considered a blue-chip technological pioneer alongside the likes of IBM (IBM) and Hewlett-Packard (HPQ). At its heyday, Kodak's film business was also among the world's most recognizable brands such as Coca-Cola (KO) soda.
The company, however, has divested most of its best-known consumer products such as photographic film and digital cameras, and it is now a specialized player in high-tech manufacturing businesses that include commercial and functional printing.
The bankruptcy process allowed Kodak spin off its non-core film and document imaging assets to its U.K. pension fund, in a crucial move that resolved liabilities with its largest unsecured creditor and presaged the firm's post-Labor Day bankruptcy exit. Kodak also sold Kodak Gallery to Shutterfly (SFLY) and a portfolio of digital imaging patents to a consortium of technology industry giants such Apple (AAPL) and Google (GOOG).