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BRIEF-General Wireless Operations commences voluntary Chapter 11 proceeding
March 9, 2017 / 8:55 AM / 9 months ago

BRIEF-General Wireless Operations commences voluntary Chapter 11 proceeding

March 9 (Reuters) - General Wireless Operations Inc:

* General Wireless Operations Inc. commences voluntary chapter 11 proceeding

* General Wireless Operations says RadioShack.com, stores and dealer locations across country are still currently open for business and serving customers

* company is closing approximately 200 stores and evaluating options on remaining 1,300

* General Wireless Operations says company and its advisors are currently exploring all available strategic alternatives to maximize value for creditors

* company looks to preserve jobs with transition agreement with sprint corporation

* will continue to work with advisors and stakeholders to preserve as many jobs as possible

* company filed voluntary petitions under chapter 11 in United States bankruptcy court for district of Delaware Source text for Eikon: Further company coverage:

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