Scalper1 News
As long-struggling retailer RadioShack prepares to take a dirt nap, Amazon.com and Sprint are considering whether to pick up some of the company’s store locations. The New York Stock Exchange late Monday suspended trading in RadioShack stock and announced that it was taking action to delist the company’s shares. RadioShack stock last traded at 24 cents a share and no longer meets NYSE listing requirements. RadioShack and wireless carrier Sprint (S) reportedly are in talks on a deal that would see RadioShack sell up to half of its retail locations to Sprint and close down the rest. The transaction would be part of a bankruptcy liquidation, according to Bloomberg and other news services. Meanwhile, Amazon.com (AMZN) is considering using some RadioShack locations as showcases for the e-commerce firm’s hardware and as potential pickup and drop-off centers for online customers, Bloomberg reported Tuesday. To date, Amazon has only opened pop-up stores. Scalper1 News
Scalper1 News