Rite Aid cuts 95% of outstanding shares to hit NYSE minimum

Business 04/11/19, 07:23

Rite Aid will chop its share count by about 95% in a bid to push the remaining shares above minimum trading requirements on the New York Stock Exchange.The board of the struggling drugstore chain approved a 1-for-20 ratio for a reverse stock split after shareholders did the same last month. ...

Rite Aid gets OK for plan to boost flagging stock price

Business 03/21/19, 12:35

Rite Aid shareholders have backed a plan to lift the struggling drugstore chain's stock price and keep it from being kicked off the New York Stock Exchange.Stock owners approved on Thursday a reverse split of the company's stock that aims to reduce the number of shares traded and boost the ...

A board reshuffle at Rite Aid after 2 failed merger attempts

Business 09/27/18, 08:32

After two failed buyouts, Rite Aid is shuffling its board of directors and dividing power at the top of the drugstore chain.Rite Aid said Thursday that three new, independent directors will be nominated to its board and that CEO John Standley will no longer hold the title of chairman. That ...

End of content

No more pages to load