Rite Aid to operate as private company as it emerges from Chapter 11 bankruptcy

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Rite Aid News

Private Company,Jeffrey Stein,Chapter 11 Bankruptcy

Ownership of the company has transitioned to certain Rite Aid creditors, and all of Rite Aid’s existing common shares were cancelled, it said. Rite Aid also...

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

The company said it has eliminated about $2 billion of total debt and has received about $2.5 billion in exit financing to support the business going forward.McDonald's has found itself in the middle of political campaigns for years. But this time around, the attention is coming perhaps more intensely than ever and from both sides of the aisle.Three gun shops that sold nearly three dozen firearms to a man who trafficked the weapons in and around Washington, D.C.

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