NEW YORK (Thomson Financial) - Shares of Sharper Image Inc. sank in
premarket trading Wednesday after the company said it has filed for Chapter 11
bankruptcy.
The stock fell 72% to an all-time low of 40 cents a share.
The company said it intends to continue business as usual while it makes
efforts to resolve its operational and liquidity problems and develops a
reorganization plan.
Christie Rizk
cr/tk1
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|