A hedge fund, and one of RadioShack’s largest investors, Standard General, increased its holdings of the troubled electronics retailer, owning 9.8% of the company and is now the largest shareholder.Standard General also said that it, along with a select group of new investors, have been negotiating with RadioShack’s creditors to buyout the company’s loans. As of last month, RadioShack had debt of about $658 million sitting atop a market cap of less than $100 million, and about $30 million in the bank.
Following the announcement of the new iPhones, RadioShack said it might have to ...
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