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Firms Open Bidding for RadioShack

Jun 1, 2010, 1:44 PM by Eric M. Zeman

At least two companies have placed bids to purchase RadioShack, which earlier this year hired Goldman Sachs to help it explore future strategic possibilities. One of the entities bidding for RadioShack is BlackStone Group, a private equity firm. The second firm has not yet been named. BlackStone's bid is valued at about $3 billion, based on RadioShack's $21.51 stock price of about $21. Earlier this year, reports suggested that Best Buy would make a move to purchase RadioShack to help it expand its mobile retail strategy.

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Comments

This forum is closed.

This forum is closed.

Mentat

Jun 1, 2010, 4:00 PM

April fools?

Didn't you guys call this on April fools day?

ecycled

Yeah they did, I couldn't find it in the news archives though. It was talking about how Best Buy was going to stun analysts and keep the Radio Shack name and get rid of Best Buy.

Best part.... 'and they will rename the "Geek Squad" as "Shack Attack...
(continues)

...

Researcher

Jun 1, 2010, 3:15 PM

Buy Radio Shack??

Geee... would that be Realistic? 🙄 😉

Fathead826

lol!

Slammer

Not only realistic, Radio Shack also doesn't require a Mail In Rebate with their purchase! 😁

muchdrama

Researcher said:
Geee... would that be Realistic? 🙄 😉

I've come to the conclusion that the majority of this forum's members have no idea what they're talking about.

RadioShack sells phones. Lots of p...
(continues)

...

ecycled

Jun 1, 2010, 6:29 PM

Late breaking

I am the other bidder.

😲

Thats right. I have successfully put in my bid.

misschris

😲

wow good for you! Hope you enjoy headaches. 😉

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