Getting your Trinity Audio player ready...
By Dhanya Skariachan
NEW YORK, Oct 21 (Reuters) – RadioShack has secured
a fresh round of financing from GE Capital, a source familiar
with the matter said on Monday.
The news, which was first reported by the Wall Street
Journal, boosted the U.S. consumer electronics chain’s shares by
about 7 percent to $3.52 on Monday.
Two sources had told Reuters earlier this month that General
Electric Co’s GE Capital, which tends to make large
asset-based lending deals, was one among the many firms which
had made financing offers to the retailer.
RadioShack and GE Capital were not immediately available for
comment.
