NYSE:RAD - New York Stock Exchange, Inc. - US7677548726 - Common Stock - Currency: USD
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Bankrupt pharmacy chain Rite Aid Corp. hired liquidators at the request of company lenders even as the retailer continues negotiating with at least two potential buyers, a person familiar with the chain’s revival efforts said.
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Consulting giant McKinsey & Co, on Friday, agreed to a settlement of $78 million to resolve allegations tied to the opioid epidemic, as disclosed in federal court papers filed in San Francisco.
Bankrupt pharmacy chain Rite Aid Corp. agreed to begin court-supervised mediation with lower ranking creditors, including groups that blame the company for contributing to America’s opioid addiction crisis.
The U.S. Supreme Court is set to deliberate on the future of mifepristone, a crucial drug employed in over half of all abortions within the U.S.
Bankrupt pharmacy chain Rite Aid Corp. has until March 1 to complete its turnaround under a timeline approved by a federal judge on Tuesday.
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Rite Aid has received court approval to access up to $3.45B in debtor-in-possession financing to help support operations through its Chapter 11 proceedings. Read more here.
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US pharmacy chain Rite Aid Corp. is moving quickly to sell its assets in bankruptcy, over the objection of at least one potential bidder, because the company faces looming financial deadlines, a company lawyer said during the chain’s first day under court supervision.
The New York Stock Exchange has suspended trading of Rite Aid shares following the drugstore chain's Chapter 11 bankruptcy filing.
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Rite Aid filed for Chapter 11 bankruptcy on Sunday in an effort to write down debt amid shrinking sales and a lawsuit related to the opioid crisis.
Rite Aid stock is taking a beating on Monday as investors in RAD react to the company filing for Chapter 11 bankruptcy protection.
Rite Aid has been in an untenable position for five years. Its Chapter 11 filing will handle the sale and distribution of assets.
Rite Aid (RAD) files for Chapter 11 bankruptcy in New Jersey. Lenders to provide new financing.
Rite Aid Corp., one of the biggest pharmacy chains in the US, filed for bankruptcy as it looks to restructure debts including opioid liabilities.
Rite Aid Corp. delays filing its quarterly report with the SEC due to an ongoing impairment charge analysis.
Rite Aid is in talks with Bank of America to secure a loan in preparation for a potential bankruptcy filing. Read more here.
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