Reuters reported that electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.
The Reuters story notes that wireless company Sprint Corp would operate as many as 1,750 of those stores under an agreement with Standard General citing an announcement by Sprint.
To view the Reuters story in its entirety, click here.
To view RadioShack's press release issued on Feb. 5, click here.