Creo completes its US$988 million sale to Eastman Kodak

Date Closed: 6/15/2005

Value: US$988 million

On June 15, 2005, Eastman Kodak Co. completed the acquisition of Creo Inc. in a transaction valued at approximately US$988 million. Kodak acquired all the issued and outstanding common shares of Creo at US$16.50 per share, by way of plan of arrangement under the Canada Business Corporations Act.

The special committee of Creo was represented by Neil de Gelder, Q.C., of BLG.