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Polaroid Sale Finalized
On Wednesday, Polaroid shareholders approved the
company's $426 million sale to a Minnesota consumer products
company. Polaroid declared bankruptcy 3 1/2 years ago
blaming the consumer's shift to digital photography. 80
percent of the shareholders agreed to the sale at a meeting in
New York. The worst part of the deal is that
retirees only get a one time payment of $47. The payment
was from a trust fund created to help retirees cover legal
expenses. Peter Bass, a 72-year-old is considering going
back to work to make ends meet.
www.polaroid.com
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