The Daily Docket: Salus Changes Mind on Increasing RadioShack Bid

Salus Capital Partners, the hedge fund trying to gain control of RadioShack , has changed its mind about increasing its offer for the battered retail operation. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Plastic-surgery chain Lifestyle Lift filed for chapter 11 protection Friday, 3 1/2 weeks after abruptly shutting down its business and laying off its staff of nearly 400, DBR reports in WSJ.

Battery maker Exide Technologies Inc. won bankruptcy-court approval on Friday to implement a restructuring that cuts $600 million from its $1 billion in debt and puts the company under the ownership of senior lenders that have financed its stay under chapter 11 protection, DBR reports in WSJ.

Airline passengers mourning the loss of SkyMall LLC’s in-flight catalog may soon be cheered by a familiar sight in their seat pockets, DBR reports in WSJ.

WSJ reports on retailer Grupo Gigante’s agreement to buy RadioShack’s Mexican business for $31.8 million.

A judge is doubting his six-year-old decision that General Motors Co. didn’t have to worry about lawsuits over cars before its bailout, Bloomberg reports.

According to Creative Loafing Atlanta, Morris Brown College is on its way out of bankruptcy.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa