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(Bloomberg) — RadioShack Corp. is closing in on an agreement with creditors and other parties that would put the retailer in bankruptcy as soon as Wednesday night or Thursday morning, people with knowledge of the discussions said.
As part of the deal being completed, RadioShack would sell leases on as many as 2,000 stores to Sprint Corp. and Standard General, its largest shareholder, according to the people, who asked not to be identified because the talks are private. RadioShack has more than 4,000 U.S. locations, and the rest are expected to be closed, the people said. The filing could be delayed as the parties hammer out final details.
Merianne Roth, a spokeswoman for Fort Worth, Texas-based RadioShack, didn’t immediately respond to a request for comment.

–With assistance from Lauren Coleman-Lochner in New York.

To contact the reporters on this story: Jodi Xu Klein in New York at jxu205@bloomberg.net; Scott Moritz in New York at smoritz6@bloomberg.net; Laura J. Keller in New York at lkeller22@bloomberg.net To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net; Nick Turner at nturner7@bloomberg.net Nick Turner