Standard General to Serve as RadioShack Stalking Horse Bidder
The Wall Street Journal, citing people familiar with the matter, reported that Standard General may be in talks to serve as stalking horse bidder at a RadioShack bankruptcy auction.
The Journal said that while the defunct electronics company is aiming to file for Chapter 11, the sources said that RadioShack and its advisers were working on the details for the hedge fund’s potential bid at a court-supervised auction.
To read the entire Journal article, click here.
Previously on abfjournal: Salus Offers RadioShack $500MM Bankruptcy Loan, January 13, 2015