A RadioShack Corp. lender asked a bankruptcy judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack, Reuters reported yesterday. Salus Capital Partners said in a court filing yesterday that it had submitted a bid jointly with three liquidators to offer $271 million in cash at the auction that began on Monday. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included only $16.4 million in cash. Standard General planned to keep open about 1,740 RadioShack stores, many in conjunction with wireless operator Sprint Corp.
