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Article: RadioShack Corporation Becomes Sole Owner of Radio Shack de Mexico.
- Article from:
- Electronics Newsweekly
- Article date:
- December 31, 2008
CopyrightCOPYRIGHT 2008 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RadioShack Corporation (NYSE:RSH) announced that it has become the sole owner of Radio Shack de Mexico, S.A. de C.V. after purchasing the interest in the joint venture held by Grupo Gigante, S.A.B. de C.V. for approximately $43 million in cash. Radio Shack de Mexico has approximately 200 RadioShack branded stores throughout Mexico.
Commenting on the acquisition, Chairman and Chief Executive Officer Julian Day said, "Radio Shack de Mexico represents an attractive growth platform for our company. This is a business we know well through our experience with the joint venture, and the RadioShack brand has ...