S&P Places 'D' Rating on RadioShack (RSH) Following Bankruptcy Filing
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Market Wrap: Pfizer Inks Big Deal; GoPro Hit on Outlook; RadioShack Goes Belly-Up
February 5, 2015 5:43 PM ESTMarket wrap for February 5th
End of the Day: S&P 500 up 21.0 to 2,062.52; Dow Jones up 211.9 to 17,884.88; Nasdaq up 48.4 to 4,765.10
Market Brief: Pfizer's move to acquire Hospira grabbed early headlines Thursday morning amid a slew of strong EPS reports. Hospira will be acquired for $90 per share, or a deal valued at about $17 billion.
DuPont thwarted Nelson Peltz's plans for a potential split as the company appointed two non-Trian Funds related independent directors today.
Disney appointed a new Operating Chief today,... More
RadioShack (RSH) Files for Bankruptcy Protection; Reaches Agreement with Standard General (S)
February 5, 2015 5:10 PM EST(Updated - February 5, 2015 5:20 PM EST)
RadioShack (NYSE: RSH) several actions intended to maximize value for the Company's stakeholders.
RadioShack has signed an asset purchase agreement with General Wireless Inc., an affiliate of Standard General L.P. ("Standard General"). General Wireless has agreed to acquire between 1,500 and 2,400 of RadioShack's U.S. Company-owned stores. To effectuate this transaction and an orderly sale of the Company's remaining assets, RadioShack and certain of its U.S. subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy... MoreRadioShack (RSH) to sell 1,500-2,400 stores in bankruptcy deal with Sprint (S) - Bloomberg
February 5, 2015 4:42 PM ESTRadioShack (NYSE: RSH) to sell 1,500-2,400 stores in bankruptcy plan, according to Bloomberg headlines. To live on in bankruptcy deal with Sprint (NYSE: S). Plans 1,750 stores-within-store with Sprint.
... MoreSprint (S) CEO: Yes, We're Eying RadioShack (RSH) Real Estate
February 5, 2015 3:03 PM ESTSprint (NYSE: S) CEO Marcelo Claure affirmed the potential for a real estate deal with RadioShack (NYSE: RSH).
During a post-Q3 interview on Thursday, Claure commented, We're looking at RadioShack very closely, in terms of what's going to... More
RadioShack (RSH) Could File Bankruptcy as Soon as Today
February 5, 2015 8:56 AM ESTRadioShack (NYSE: RSH) is expected to file bankruptcy as soon as today, according to various reports.
... More