UPDATE 1-Private equity firms still circling Radioshack-sources

* RadioShack has been examining strategic options – source

* Those circling include Blackstone, TPG, Advent – sources

* Some bidders no longer interested – sources

(Adds RadioShack declines to comment, share price)

By Megan Davies and Jessica Hall

NEW YORK/PHILADELPHIA, July 16 (BestGrowthStock) – A handful of
private equity firms are still interested in U.S. electronics
chain RadioShack Corp (RSH.N: ), sources familiar with the
situation said.

Private equity firms Blackstone Group LP (BX.N: ), TPG
Capital [TPG.UL] and Advent International are interested, the
sources said.

Some potential suitors, such as Bain Capital, had been
interested earlier but are no longer in the auction, they said.

RadioShack has been exploring strategic options and hired
Goldman Sachs (GS.N: ) earlier this year to advise it, sources
said.

A sale process for the firm has been moving slowly, some
sources said. It remains unclear if a deal will eventually be
done.

RadioShack, which has a market value of about $2.7 billion,
has been focusing on its wireless business to offset weak sales
of products like TV converter boxes, video game systems and
batteries.

The sources declined to be identified because the process
has not been made public.

Goldman Sachs was not immediately available for comment.
Advent said it “does not comment on market rumors or
speculation.” The other private equity companies declined
comment.

RadioShack, which is trying to rebrand itself as “The
Shack,” declined to comment.

Shares of RadioShack hit a high on Friday of $21.80 before
falling to $20.93 in midday trading. The stock traded at $21.49,
down 12 cents, or 0.56 percent, on the New York Stock Exchange in
early afternoon.
(Reporting by Megan Davies in New York and Jessica Hall in
Philadelphia; Editing by John Wallace, Phil Berlowitz)

UPDATE 1-Private equity firms still circling Radioshack-sources