MCK - Rite Aid Forges Path To Financial Recovery With Major Settlement: Report | Benzinga
Pharmacy chain Rite Aid Corp (OTC:RADCQ) has reportedly reached a pivotal settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp (NYSE:MCK).
The settlement will pave the way for the conclusion of its bankruptcy case by late April, according to a report from Reuters.
During a bankruptcy court hearing in Trenton, New Jersey, Rite Aid attorney Aparna Yenamandra announced the agreement, emphasizing resolution ...