Goss, Eastman Kodak Acquire Heidelberg Divisions

Both companies agreed to use a performance-based earn-out formula. Kodak will make periodic payments to Heidelberg over a two-year period, if certain sales goals are met. If all sales goals are met during the next two calendar years, ending Dec. 31, 2005, Kodak will pay a maximum of $150 million in cash. The companies also agreed on undisclosed compensation based on sales targets over a five-year period.