In the agreement, about $590 million of loans
would be refinanced for the company to re-stock ahead of the
holiday season, Bloomberg reported. RadioShack last month said
it may need to file for bankruptcy protection if its cash
The stock advanced nearly 60 percent to $1.57, putting it on
track for its biggest one-day advance in a history that goes
back to 1980. It has lost about 62 percent this year.
U.S. shares of Tekmira Pharmaceuticals Corp were also
higher before the bell, up 7 percent to $27.25 a day after it
said it had achieved a $1.5 million development milestone. In
addition, Maxim raised its price target on the stock to $31 from
The stock is up 17 percent this week, moving in heavy volume
after the first diagnosis of a patient with Ebola in the United
States. The company has an Ebola treatment in its pipeline.
Futures snapshot at 0741 EDT:
* S&P 500 e-minis were up 9.25 points, or 0.48 percent, with
125,587 contracts changing hands.
* Nasdaq 100 e-minis were gaining 16.75 points, or 0.42 percent,
in volume of 18,913 contracts.
* Dow e-minis were up 70 points, or 0.42 percent, with 18,223
contracts changing hands.
(Editing by Bernadette Baum)
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