Faruqi & Faruqi Investigation: Rite Aid Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rite Aid Corporation (“Rite Aid” or the “Company”) (NYSE:RAD) for potential breaches of fiduciary duties in connection with the sale of the Company to Walgreens Boots Alliance, Inc. for approximately $17.2 billion.
The Company’s stockholders will only receive $9.00 in cash for each share of Company common stock they own. However, the offer is lower than at least one analyst’s price target of $10 per share and 52-week high price of $9.47 per share.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.