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RadioShack Eyes Rescue Package

August 27, 2014
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RadioShack has entered negotiations with one of its top shareholders about a rescue package that will enable the retailer to avoid bankruptcy, Bloomberg News reported Tuesday.

The report, citing "two people with knowledge of the matter," said that hedge fund Standard General LP to "seeking to bolster RadioShack’s cash by issuing debt or equity," while also crafting a plan to help the company avoid a Chapter 11 filing.
 


 

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