twice connect
careers

RadioShack Acquisition Rumors Rekindled

3/26/2010 09:09:56 AM Eastern

Fort Worth, Texas
- RadioShack may be exploring strategic alternatives that could include a sale
of the company or a merger with Best Buy, the New York Post reported today.

The story, based
on unnamed banking sources, rekindles rumors from earlier this month of a
pending acquisition by an equity investment firm that had largely been
dismissed.

The Post reports
that RadioShack has given investment bankers the go-ahead to pitch potential
acquirers on a leveraged buyout of the chain. The sales process, supposedly
lead by JPMorgan Chase, could bring in more than $3 billion, the sources said.

RadioShack could
be seen as an attractive asset thanks to aggressive cost-cutting measures by
CEO Julian Day, solid cash flow, and its strong position in the growing
wireless market. Its more than 4,000 small-format stores would also play into
Best Buy's mobile strategy of rolling out freestanding, mall-based wireless
shops.

Other options for
the chain could include a massive share buyback or even a strategic acquisition
of its own, funded by its $900 million war chest, a Wall Street banker told the
newspaper.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National