News Formal

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 51%

News News

Traffic,Weather,Sports

Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

<p>NEW YORK — Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.

</p><p>Ownership of the company has transitioned to certain Rite Aid creditors, and all of Rite Aid's existing common shares were canceled, it said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 549. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rite Aid Picks Insider CEO As Company Emerges From BankruptcyBruce Japsen has written about healthcare business and policy for three decades. He has covered the rise, fall and rise again of health reform, chronicling trends that include the influence of Bill and Hillary Clinton to Barack and Michelle Obama from Chicago where he's based.
Source: ForbesTech - 🏆 318. / 59 Read more »