Kodak shareholders were not the only beneficiaries of the sudden stock surge — holders of convertible bonds also saw tidy gains – MarketWatch

Kodak shareholders were not the only beneficiaries of the sudden stock surge — holders of convertible bonds also saw tidy gains – MarketWatch

The sharp rally in Eastman Kodak Co.’s share price after news last week of a $765 million government loan to help it make drug ingredients at U.S. factories has offered shareholders and executives with stock options a tidy windfall.

But they’re not the only ones to reap a reward from the increasing value of their holdings. On Monday, Kodak
KODK,
-3.61%
disclosed that the holders…

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