NEW YORK (

TheStreet

) --

RadioShack

(RSH)

is rallying as takeover chatter resurfaces; and this time the rumors are that the

Blackstone Group

(BX) - Get Report

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

,

Bain Capital

,

TPG

and

Best Buy

(BBY) - Get Report

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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