Kodak stock soars after big hedge fund buys stake – CNN
New York (CNN Business)Eastman Kodak, the erstwhile photography leader that lost its way in the digital age, wants to reinvent itself as a drug company in the era of Covid-19. And one top hedge fund seems to like the strategy.
D.E. Shaw, a money manager run by billionaire David Shaw (and the firm where Amazon(AMZN) CEO Jeff Bezos first met his now ex-wife MacKenzie) owns a more than 5% stake in Kodak.
Kodak (KODK)disclosed the D.E. Shaw investment in a Securities and Exchange Commission filing…