NEW YORK (
is rallying as takeover chatter resurfaces; and this time the rumors are that the
has entered into a definitive agreement to purchase the electronics retailer.
RadioShack has been the target of a possible acquisition for some time, with past reports also naming
Kohlberg Kravis Roberts
as potential bidders.
Shares of RadioShack are climbing 4% to $22.39 in morning trading.
-- Reported by Jeanine Poggi in New York.
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