East Kodak Co(Rochester,NY)has entered into an agreement with Onex Healthcare Holdings Inc,a subsidiary of Onex Corp(both Toronto,ON),a private equity company,to sell its Kodak Health Group for approximately 2.55 billion,just 10 million above the latest reported annual revenues of the subsidiary.The purchase price consists of a cash payment of 2.35 billion,in addition to up to 200 million depending on Onex' returns on the business.The deal is expected to be concluded in the first half of 2007.
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