Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, January 14, 2015

RadioShack prepares to file for bankruptcy -WSJ, (NYSE: RSH)

Electronics retailer RadioShack Corp might prepare to file for bankruptcy protection by next month, the Wall Street Journal reported citing people familiar with the matter. Texas-based Radioshack is in talks with a private-equity firm that could purchase its assets out of bankruptcy, the Journal reported, citing sources.The talks may not produce a deal, and RadioShack may opt for other debt-restructuring options that do not include a sale, the Journal said.RadioShack has reached out to potential lenders that could provide a loan to fund its operations during the bankruptcy case, the Journal added. ( was not immediately available for comment.

RadioShack Corporation is engaged in the retail sale of consumer electronics goods and services through the Company?s RadioShack store chain. Shares of RSH fell by 12.56% or $-0.0589/share to $0.41. In the past year, the shares have traded as low as $0.30 and as high as $2.79. On average, 2366770 shares of RSH exchange hands on a given day and today's volume is recorded at 2595508.