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An initial round of bids for RadioShack (RSH) was completed last week, NY Post reports, and...

An initial round of bids for RadioShack (RSH) was completed last week, NY Post reports, and Blackstone (BX) is a leading participant with other big private equity firms likely in the mix. Best Buy (BBY) has kept a low profile so far, and it wasn't immediately clear if it is among the bidders. RSH +6.6%, BX -2.8% premarket.
Comments (2)
  • IntrinsicValuator
    , contributor
    Comments (10) | Send Message
     
    dying business due to declining market share and online retailing...would be an awful purchase by blackstone
    1 Jun 2010, 09:39 AM Reply Like
  • Rhianni32
    , contributor
    Comments (1993) | Send Message
     
    RSH's strength is that its in small towns that cannot support a Best Buy or other big retailer. Still I agree with IV it would be a bad purchase.
    1 Jun 2010, 09:45 AM Reply Like
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