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Circuit City in Talks with Interested Parties

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Circuit City Stores Inc. said Friday it is in talks with two interested parties about the terms of a going concern transaction.

A going concern is a company that has the resources to stay in business. Circuit City, the second-largest electronics retailer in the U.S. after Best Buy, filed for bankruptcy protection in November as it faced pressure from vendors and as consumer spending waned.

Monday, the company filed a motion with the Bankruptcy Court seeking approval for its sale as a going concern, either as separate units or as individual assets.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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