RadioShack May Be Down For The Count

This could be the last call for RadioShack.

General Wireless Operations, the company that runs the approximately 1,500 remaining RadioShack stores, is reportedly about to file for bankruptcy protection.

But unnamed sources cited by Bloomberg said the bankruptcy will likely lead to liquidation rather than another stab at reorganizing.

If so, the endgame comes two years after hedge fund Standard General paid $187 million in a series of bankruptcy auctions for the RadioShack brand and the 1,740 stores left standing after the public version went bust.

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