Rite Aid 2024 News. Bankruptcy court to approve its restructuring plan on thursday, seeking to cut $2 billion in debt and turn over control of the company to a group of. Rite aid will operate as a private company after it successfully completed its financial restructuring and emerged from chapter 11 bankruptcy, the u.s.
Rite aid’s bankruptcy plan, revised on thursday, would cut $2 billion in debt and provide $47.5 million to junior creditors, including individuals and local governments who have. Department of justice, and drug supplier mckesson corp, clearing a path for.