A Slimmed-Down RadioShack Exits Bankruptcy Court

March 31, 2015 8:55 PM

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A Slimmed-Down RadioShack Exits Bankruptcy Court

A U.S. bankruptcy judge on Tuesday said he will approve a plan by RadioShack to sell 1,740 of its stores to the Standard General hedge fund, which plans to operate most of them in conjunction with Sprint.

The ruling ends a hotly-contested, four-day hearing in which RadioShack’s largest creditor, Salus Capital Partners, opposed the sale. RadioShack had said it hopes to close the sale by Wednesday to avoid paying April rent.

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