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Tuesday, July 18, 2017

Rite Aid plans to sell 2,186 stores - about half of its locations - to Walgreens for $5.2 billion.

PennLive.com

Rite Aid's annual shareholders meeting today rang with criticism from some, but not nearly enough to stop the nine-member Rite Aid board from being re-elected for another year.

This morning's meeting in Harrisburg comes close on the heels of a failed merger with Walgreens that sent Rite Aid's stock price plummeting.

Less than a dozen shareholders spoke out during the meeting at the Hilton Harrisburg, but the vast majority were negative on the board and on Rite Aid's management, mostly due to the doomed Walgreens deal and the resulting tanking of Rite Aid stock, which has been down to about $2.33 a share. Read more...

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