Rite Aid Is Pursuing a Strategic and Value-Maximizing Sale Process
5 Articles
5 Articles
Rite Aid files Chapter 11, begins asset sale process - Central Penn Business Journal
Camp Hill- based Rite Aid Corporation has once again filed for bankruptcy. The company announced that it and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New Jersey. The company said in a release that it “is pursuing a strategic and value-maximizing sale process for substantially all of its assets.” During this process, Rite Aid said its customers can still access pharmacy servi…
Rite Aid puts itself up for sale
PHILADELPHIA — Rite Aid Corp. is "pursuing a strategic and value-maximizing sale process for substantially all of its assets" in connection with a new Chapter 11 bankruptcy filing, the company said.While its stores are open, the company said it is working to transfer prescriptions to other pharmacies. Rite Aid employees assisting with this process will continue to receive pay and benefits.“For more than 60 years, Rite Aid has been a proud provid…
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