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Rite Aid Corporation (RAD)



Faruqi & Faruqi, LLP Announces the Investigation of Rite Aid Corporation (RAD) Over the Proposed Sale of the Company to Walgreens Boots Alliance, Inc.

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 jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Rite Aid Corporation (RAD)

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330


Case Details


  • 10/30/2015

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