ORIONS Money Stocks

[AugustaFriends]

$RSH -- RadioShack mulls $585M rescue package from UBS, Standard General • 6:22 PM
Carl Surran, SA News Editor
RadioShack (NYSE:RSH) is considering a $585M financing package led by hedge fund Standard General and UBS in a last-ditch effort to avert bankruptcy, WSJ reports.
UBS reportedly will coordinate $325M of commitments and Standard General will arrange $260M in financing, replacing a $585M loan and credit facility from GE Capital.
The plan would not require widespread store closures and instead would push for an acceleration of the renovations sought by the company.
RSH +4.4% AH.