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Rite Aid to go private as it emerges from bankruptcy

By Reuters  
   September 04, 2024

The pharmacy has used its bankruptcy to close hundreds of stores, sell its pharmacy benefit company Elixir, and negotiate settlements with its lenders, drug distribution partner McKesson and other creditors. Ownership of the company has transitioned to certain Rite Aid creditors, and all of Rite Aid's existing common shares were canceled.

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