- Associated Press - Wednesday, September 30, 2015

WILMINGTON, Del. (AP) - A Delaware bankruptcy judge said Wednesday that he will give final approval to the reorganization plan of electronics retailer RadioShack.

Texas-based RadioShack, founded in Boston in 1921, sought bankruptcy protection in February, having struggled for years and unable to turn a profit since 2011.

The reorganization plan is centered around acquisition of more than 1,740 RadioShack stores by General Wireless, an affiliate of hedge fund Standard General, which also bought RadioShack’s intellectual property, including trademarks and customer data.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide