Eastman Kodak Co. (fka EKDKQ)

[kgs]

Seems just too good to be true.

By Christopher Hinton NEW YORK (MarketWatch) -
Buyout offers by Sterling Global Holdings for Eastman Kodak Co. /quotes/comstock/13*!ek/quotes/nls/ek (EK 3.47, +0.07, +2.11%) and American Airlines parent AMR Corp. /quotes/comstock/13*!amr/quotes/nls/amr (AMR 6.84, +0.26, +3.97%) were raising questions Wednesday as to the Florida firm's legitimacy, according to media reports. Sterling Global offered $3.5 billion, or $9.25 a share, to take AMR private, to be financed by unnamed "several large institutions," according to the Dallas Morning News. It also offered about $1.3 billion, or $4.81 a share, for Eastman Kodak last week. Sterling Global doesn't have a record with the Securities and Exchange Commission, and neither Eastman nor AMR were aware if the holdings company, or its general manager Allen Weintraub, was a shareholder. AMR said it was investigating the offer. No one from Kodak was available to comment. Shares of Kodak were up 1% premarket to $3.44 each, while AMR shares rose 1% to $6.65.



http://www.marketwatch.com/story/mystery-investor-bids-for-amr-eastman-kodak-2011-03-30