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Hedge fund buys 5.3 percent of RadioShack stock

Fort Worth Star Telegram- Citadel Investment Group is bullish on RadioShack, buying 6.9 million shares, or 5.3 percent of the electronics retail chain’s stock, according to a federal filing Monday.

With the purchase, the Chicago-based hedge fund becomes the fourth-largest holder of RadioShack stock — but the only one of the top seven that has been buying, not selling.

Why RadioShack, which is attempting a turnaround?

Citadel wouldn’t say. "We don’t comment on positions," spokeswoman Katie Spring said.

The filing with the Securities and Exchange Commission indicated that Citadel was not contemplating a takeover. Rather, reports described the purchase as a passive investment with no intent of influencing the company.

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