Reuters: Global Markets: RadioShack considering hiring adviser: report

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RadioShack considering hiring adviser: report Jul 11th 2013, 19:04 Tweet Share this Email Print Related Topics Hot Stocks » Asian Markets » A man walks past a RadioShack retail store on Market Street in San Francisco, California April 28, 2008. Credit: Reuters/Robert Galbraith NEW YORK | Thu Jul 11, 2013 2:24pm EDT NEW YORK (Reuters) - RadioShack Corp (RSH.N) shares fell 18 percent on Thursday after a report that the electronics chain is considering hiring a financial adviser to help fix its balance sheet. Citing unnamed sources, trade publication Debtwire reported that RadioShack plans to entertain pitches for a financial adviser in the coming weeks to explore a balance sheet fix as it faces a string of debt maturities, escalating cash burn and bloated inventory levels. RadioShack was not immediately available to comment. RadioShack shares were down 52 cents, or 18 percent, at $2.31 on the New York Stock Exchange. (Reporting by Martinne Geller in New York; Editing by Gerald E. McCormick) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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