RadioShack secures approval of $36.4 million sale of Mexican units

By Caroline Salls

Pittsburgh, April 13 – RadioShack Corp. obtained court approval of the $36.4 million sale of its Mexican subsidiaries and some trademarks and domain names used in the operations of their businesses to Office Depot de Mexico, SA de CV, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company said the purchase agreement is subject to customary closing conditions, including receipt of required regulatory approvals.

The agreement can be terminated be either party in specified circumstances, including by Office Depot Mexico if the sale does not close by the six-month anniversary of the court’s approval.

RadioShack is a Fort Worth, Texas, technology retailer that filed for bankruptcy on Feb. 5 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 15-10197.

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