RadioShack Corp.’s rescue financing package, announced at the end of last week, was dismissed by investors and analysts who say it’s only a stopgap measure that waters down the stock.
RadioShack’s shares fell 12 percent to 87 cents in New York today in the first trading day since the company said a group led by Standard General LP will refinance a $535 million credit facility to stave off bankruptcy. The agreement includes $120 million that RadioShack said it expects to convert to equity later.
