Standard General LP's reduced buyout offer of $145.5 million is RadioShack Corp.’s only hope of surviving bankruptcy and staving off liquidation, The Wall Street Journal reported today. The offer is less than the earlier estimate of $200 million made by the hedge fund because the lead bidder is leaving hundreds of RadioShack stores behind. The deal is the only proposal that could save 9,000 jobs at the retailer. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid from Standard General, which would have kept about half of the stores open and operate them under an agreement with Sprint Corp.
