UPFRONT

Scitex Selling Digital Printing

TEL AVIV, ISRAEL—Scitex Corp. and Eastman Kodak have signed a definitive agreement that sees Kodak acquire the assets and business of Scitex Digital Printing (SDP) for $250 million in cash. As part of the agreement, Scitex will retain $14 million of SDP's expected $22 million cash balance at closing, raising the total to $262 million. Scitex intends to make a significant cash distribution to its shareholders following the closing, with terms of the dispersement hinging upon corporate, legal and other variables.