Rite Aid, one of the
largest U.S. pharmacy chains, received permission from a U.S.
judge on Thursday to begin voting on a bankruptcy restructuring
plan that would turn over most of the company s.
Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp., clearing a path for
Rite Aid (OTC: RADCQ) settles with lenders and DOJ, marking a crucial step toward bankruptcy resolution by April, Reuters reports. Attorney Aparna Yenamandra highlights broad stakeholder agreement, signaling progress despite remaining complexities. Junior bondholders, including Brigade Capital Management, express caution.
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