Tuesday, September 8, 2015

RadioShack Confirmation Hearing Still Scheduled For September 16?

"Pursuant to the Solicitation Procedures Order, the deadline for voting on the First Amended Plan is September 10, 2015, and a combined hearing ("Combined Hearing") on the adequacy of the disclosure statement and confirmation of the First Amended Plan is scheduled for September 16, 2015. Absent the extension requested by this motion, however, the Debtors' Exclusive Solicitation Period will expire on September 4, 2015. As such, the Debtors respectfully request a short extension of the Exclusive Solicitation Period so that the Debtors may maintain the exclusive right to solicit plan acceptance while they seek confirmation of the First Amended Plan."
RadioShack shares down to 9 cents. Not a strong buy.

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