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March 31, 2015

Creditor won't bid more for RadioShack

NEW YORK (AP) — RadioShack creditor Salus says it won't improve its bid as it fights with another buyer for the electronics chain, hedge fund Standard General.

Salus had failed to win an auction for the assets of the Fort Worth, Texas-based electronics retailer, which filed for bankruptcy in February. RadioShack instead chose a $160 million bid from hedge fund Standard General that consists mostly of credit on debt it is owed.


 
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