Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.
Drugstore chain Rite Aid filed for bankruptcy late Sunday saying it will close more of its stores and it named a new CEO as part of a restructuring.
The pharmacy chain is the latest company embroiled in the opioid crisis to file for bankruptcy. In August, drugmaker Mallinckrodt filed for its second bankruptcy in three years, helping it reduce settlement payments by roughly $1 billion for its alleged role in the epidemic. The plan was approved last week.
The stock was down about 6% in premarket trading Monday. On Friday, shares dropped 16.8% Friday and have fallen more than 80% in 2023.
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Drugstore chain Rite Aid files for bankruptcyThe filing could help Rite Aid manage its billions of dollars in debt and shield it from lawsuits alleging that it unlawfully filled opioid prescriptions.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits
Weiterlesen »
Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. Rite Aid said it would also close “underperforming” stores.
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Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
Weiterlesen »
Major US pharmacy chain Rite Aid files for bankruptcyMajor U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.
Weiterlesen »