Radio Shack (RSH) shares are trading higher on revived takeover speculation, according to the subscription-based stock news site TheFlyOnTheWall.com.
The site notes that the subscription service DealReporter is reporting that the company had set a deadline of July 1 – yesterday – for non-binding indications of of interest from potential private equity buyers.
One month ago, The New York Post reported that potential bidders for the company include Blackstone Group, Kohlberg Kravis Roberts, Bain Capital and TPG. The Post also said at least one strategic bidder is participating in the auction of the company, possibly Best Buy (BBY).
RSH today is up 68 cents, or 3.4%, to $20.51.
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