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News Breaks
August 5, 2014
14:27 EDTRSHRadioShack opens 23 interactive remodel stores in Washington, D.C. area
Earlier in the day, RadioShack announced the opening of 23 new interactive remodel stores in the Washington, D.C. metro area," bringing innovative products to market while revitalizing its store base." The company added, "The stores provide an updated shopping experience to RadioShack customers in the area, while highlighting key elements from our new store formats and promoting unique products from tech-savvy inventors. RadioShack has been open for business in the D.C. metro area since 1977 and today is home to more than 140 locations and hundreds of knowledgeable associates." Shares of RadioShack are up over 25% in afternoon trading.
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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