RadioShack, Lenders Clash on Closing Plans

RadioShack’s plans to shutter over 1,000 stores may have hit a snag, as negotiations with the chain’s lenders have become “contentious,” according to a Wall Street Journal report last week.

The report stated that the lenders, led by Salus Capital Partners and GE Capital, the talks have been characterized by “tensions,” including contentious emails. The retailer is also focusing on just 200 or so of the more than 1,100 it announced in March it would close, but hopes to soon hammer out an agreement.

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