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dariush9

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Alias Born 09/25/2021

dariush9

Re: None

Friday, 08/25/2023 2:51:30 PM

Friday, August 25, 2023 2:51:30 PM

Post# of 85
Who remembers Rite-Aid?

Drug retailer Rite Aid prepares to file for bankruptcy - WSJ
Reuters


"Aug 25 (Reuters) - Rite Aid Corp $RAD is preparing to file for bankruptcy in coming weeks to address lawsuits the company is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan.

Shares of the pharmacy retail chain operator fell 35% to 94 cents in afternoon trade.

The Chapter 11 filing would cover Rite Aid’s more than $3.3 billion debt load and pending legal allegations that it oversupplied prescription painkillers, the newspaper reported."

As of this post, it was down to ~$0.70 / share.
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