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.

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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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