The Wall Street Journal reported RadioShack said an offer from Standard General LP to save much of the iconic chain is the best to emerge from an auction, beating out rival offers that would see the retailer shut down.

According to the Journal The Standard General bid picked up backing from RadioShack’s official committee of unsecured creditors, which had threatened to derail the deal, new court filings said.

Previously on abfjournal:

To read the entire Journal article, click here.