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Creditors Line Up Against Radioshack Plan

2015-02-20 09:24:56| Telecom - Topix.net

NEW YORK – RadioShack Corp. lenders are ganging up to stop the bankrupt electronics retailer from giving its biggest shareholder what they call a "special insider bonus" by allowing it to swap the chain's best stores for debt it bought a few months ago. Two groups of junior lenders say the company's plan will discourage would-be bidders for the stores.

Tags: line plan creditors radioshack

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