CompaniesRite Aid CorpFollowCVS Health CorpFollowWalgreens Boots Alliance IncFollowSept 22 (Reuters) – Rite Aid (RAD.N) is currently in negotiations with creditors regarding the terms of a bankruptcy plan that would involve liquidating a significant portion of its more than 2,100 drugstores, as reported by the Wall Street Journal on Friday. The information is based on sources familiar with the ongoing discussions. According to the report, Rite Aid has proposed closing approximately 400 to 500 stores during the bankruptcy process, and either selling or allowing creditors to take control of its remaining operations. Rite Aid clarified that no final decisions have been made as the conversations are still ongoing. Despite operating more than 2,330 stores across 17 U.S. states, Rite Aid is considerably smaller compared to competitors like Walgreens Boots Alliance (WBA.O) and CVS Health (CVS.N). Pritam Biswas in Bengaluru contributed to this report. Shounak Dasgupta edited the article. Our Standards: The Thomson Reuters Trust Principles. Acquire Licensing Rights, opens new tab
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