RITE AID SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Rite Aid Corp. (RAD) Over the Proposed Sale ...
October 30 2015 - 05:17PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of 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.
Click here for more information:
www.faruqilaw.com/RAD. There is no cost or
obligation to you.
The investigation focuses on whether Company’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Company’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced team which has achieved significant victories on behalf
clients. Follow us on Twitter at www.twitter.com/MergerActivity or
on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Company and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/RAD or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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version on businesswire.com: http://www.businesswire.com/news/home/20151030006024/en/
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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