New York
– Electronics retail store chain RadioShack (NYSE: RSH) is exploring strategic
alternatives, including a possible sale of the company that could bring over $3
billion, or a merger with Best Buy (NYSE: BBY), The New York Post reported, citing sources.
"Investment bankers have already begun pitching their private-equity
clients about a leveraged buyout of RadioShack, notifying them of the
retailer’s willingness to sell," sources told The Post.
Another option
reportedly being considered is a merger with fellow consumer electronics
retailer Best Buy.
Still another option would see RadioShack put its $900
million cash on hand to repurchase its own shares, or make a strategic
acquisition.
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(N.Y. Post)
