Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Rite-Aid

This article was originally published in The Tan Sheet

Executive Summary

Announces "major restructuring" on Jan. 7 that includes a cash self-tender offer for up to 22 mil. of Rite-Aid common shares (at $16-18.50 per share) that will begin Jan. 10; the planned sale of Rite-Aid's four non-drugstore businesses (Encore Books, ADAP, Concord Custom Cleaners and Sera Tec Biologicals); and the closing of "200 under-performing drugstores and elimination of other assets causing a pre-tax write-off of $149.2 mil." The 200 as- yet-unnamed drug stores will be closed "within the next six months," Rite-Aid said

You may also be interested in...



People In Brief

Perrigo promotes in pricing, planning

People In Brief

Perrigo promotes in pricing, planning

In Brief

Combe sells most of its OTC brands

Topics

UsernamePublicRestriction

Register

MT142539

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel