Nachum Shamir

Scitex Corp. sold its Scitex Digital Printing unit to Eastman Kodak Co. for $250 million in cash. Under the terms of the sale, the Israel-based company will retain $12 million of the digital printing unit's expected $22 million cash balance at closing, producing a total cash consideration for the transaction of $262 million. Kodak's acquisition of the high-speed digital printing technology unit falls in line with Kodak's determination to move toward digital photography and away from film, a strategy the Rochester, N.Y.- based company outlined earlier this year. "We are moving decisively to implement our growth strategy by expanding into a