Daily News: February 5, 2015

RadioShack Said to Plan Bankruptcy Filing

Bloomberg reported RadioShack finalized an agreement with creditors and other parties that would put the retailer in bankruptcy as soon as last night or this morning, people with knowledge of the discussions said.

Bloomberg said further, as part of the deal being completed, RadioShack would sell leases on as many as 2,000 stores to Sprint and Standard General, its largest shareholder, according to the people, who asked not to be identified because the talks are private.

To read the entire Bloomberg article, click here.