Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.
In a Securities and Exchange Commission filing, the New York-based hedge fund said it is working with RadioShack to improve the retailer’s liquidity prior to the holiday season. Standard General is RadioShack’s largest investor. RadioShack traded at $1.15 at one point Friday, but closed at 99 cents.
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