WSJ: RadioShack Mired in Lender Talks Over Closings
The Wall Street Journal reported RadioShack is stuck in negotiations with its lenders over plans to close as many as 1,100 stores, complicating turnaround efforts, according to people familiar with the talks.
According to the Journal , the delay is intensifying tensions with some lenders surprised by the store-closing plan when RadioShack publicly disclosed it on March 4, the people said.
To read the entire Journal article, click here.
Previously on abfjournal: RadioShack Reports Wider Than Expected Loss, Store Closings, March 5, 2014