RAD - Bankrupt Rite Aid McKesson Strike Deal To Secure Steady Drug Deliveries | Benzinga
Rite Aid Corporation (NYSE: RAD) and drug supplier McKesson Corp (NYSE: MCK) have reached a settlement, securing the continued fulfillment of customer prescriptions throughout Rite Aid's ongoing bankruptcy proceedings.
The lawsuit against McKesson alleged that the distributor improperly tried to terminate the drug supply agreement just before Rite Aid's bankruptcy declaration, claiming that McKesson demanded an immediate $700 million payment for outstanding contractual dues.
This development emerged shortly after Rite Aid filed ...