Report: RadioShack exploring sale
New York City RadioShack is exploring strategic alternatives that include a share buyback or a possible sale of the company that could net more than $3 billion, the New York Post said.
Investment bankers have already begun pitching their private-equity clients about a leveraged buyout of RadioShack, informing them of the retailer's willingness to sell, the newspaper said.
Another option for RadioShack would be a merger with Best Buy Co., according to the report.
The company declined to comment in the report.