OTHER NEWS - Aug. 5, 1994
From Times Staff and Wire Reports
Kodak May Buy Control of Qualex: The photographic giant is close to reaching agreement to pay $220 million for Actava Group Inc.’s half-share in Qualex Inc., the companies’ photo-finishing joint venture. Eastman Kodak Co., the world’s largest photographic company, and Actava are completing negotiations that could seal an accord within two weeks, sources familiar with the transaction said. The purchase of Qualex, the nation’s largest wholesale film-developing company, with 50 labs in the United States, would be Kodak’s first venture into developing services since it was freed to do so in a May court decision.
