Kodak’s stock tumbles after disclosure that investors have converted debt into nearly 30 million shares

(Marketwatch) Shares of Eastman Kodak Co. KODK, -31.62% were down 24% in afternoon trading Monday, putting them on track for a third straight double-digit percentage decline, after the digital printing and film company, which is getting into the pharmaceutical-ingredients business, disclosed that holders of convertible notes were exercising their right to convert those notes into common stock.

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