Is Radio Shack a Best Buy?

Categories: News

Fort Worth-based RadioShack Corporation's stock jumped in value yesterday: It closed at $18.28, up $1.07 (or a whopping 6.22 percent). The reason? Rumors started circulating yesterday that Best Buy was going to buy Radio Shack--news that some traders find a little hard to swallow. Nobody's talking about the deal, or no deal, but Best Buy stockholders don't seem terribly thrilled by the news of a potential takeover: Best Buy's stock actually dropped two percent yesterday, probably because they don't know what to do with these. --Robert Wilonsky

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