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RadioShack Delays Some Rent Payments Amid Restructuring

2015-01-16 05:29:26| IT Services - Topix.net

RadioShack Corp. has delayed paying January rent on some stores as it works to conserve cash during its restructuring effort, according to people familiar with the matter. The Fort Worth, Texas, consumer-electronics retailer is preparing to file for bankruptcy protection next month and has reached out to potential lenders that could fund its operations during a Chapter 11 restructuring, The Wall Street Journal reported Wednesday .

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