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Stock Market & Financial Investment News

News Breaks
March 5, 2014
10:01 EDTRSHRadioShack may need bankruptcy to reach store closure goal, says Janney Capital
Janney Capital doubts RadioShack's creditors will allow the company to use the cash needed to close any more than 200 stores this year, which is well below the company's stated goal of 1,100 units. Janney thinks bankruptcy may be the only leverage the company has in order to hit its store closure target. The firm has a Neutral rating and $3.00 price target on RadioShack.
News For RSH From The Last 14 Days
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February 20, 2015
08:26 EDTRSHStandard General weighing bid to lead RadioShack out of bankruptcy, WSJ says
Hedge fund Standard General, which became the largest shareholder of now bankrupt RadioShack last year by taking a 9.9% stake, has discussed contributing about $75M toward a $200M bid for the new RadioShack, reported The Wall Street Journal, citing a person familiar with the matter. The report noted that such a deal would essentially trade a rescue loan the fund arranged and contributed to last year for an ownership stake. Reference Link

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