Litespeed Management buys 8% share in RadioShack

New York – Hedge fund Litespeed Management has purchased about 8.1 million shares, or an 8.1% stake, in RadioShack. Litespeed, founded by Jamie Zimmerman in 2000, specializes in investing in troubled companies that have viable businesses.

Litespeed disclosed the purchase in an SEC filing. The filing does not specify purchase price, but analysts have estimated the company probably did not spend more than roughly $17 million on the investment.

 

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