Rite Aid Corporation shares are trading lower following a report suggesting that the company is prepared to file for Chapter 11 bankruptcy within weeks, which would halt opioid lawsuits.
Portfolio Pulse from Benzinga Newsdesk
Rite Aid Corporation is reportedly preparing to file for Chapter 11 bankruptcy within weeks, which would halt ongoing opioid lawsuits. This news has led to a decrease in the company's share price.
August 25, 2023 | 4:08 pm
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Rite Aid Corporation's shares are trading lower following reports of the company's potential bankruptcy filing. This move could halt ongoing opioid lawsuits.
The news of Rite Aid's potential bankruptcy filing has led to a decrease in the company's share price. The bankruptcy filing could halt ongoing opioid lawsuits, which could have significant financial implications for the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100