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Kodak can proceed with a bid for Verbatim.

May 02, 1985

Eastman Kodak announced that the Justice Department has given it the go-ahead to bid for Verbatim, a Silicon Valley manufacturer of floppy disks for computers. The deal for the Sunnyvale, Calif., company, valued at $175 million or more, was held up while the Justice Department asked for more information. Verbatim is the world's largest producer of floppy disks, a market into which Kodak is expanding.

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