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Reuters: Standard General May Act as Lead Bidder for RadioShack

February 02, 2015, 07:41 AM
Filed Under: Industry News

Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for RadioShack Corp, the struggling consumer electronics retailer, the Wall Street Journal and Reuters reported on Feb. 1, citing people familiar with the matter.

RadioShack is aiming to file for bankruptcy protection as early as Feb. 2, according to Reuters and the Journal.

The company was still discussing an agreement with Standard General to serve as its so-called "stalking horse" at a court-supervised auction for RadioShack's assets, both news sources reported.

View the Reuters story here.

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