RAD - NYSE suspends trading of Rite Aid shares amid bankruptcy filing

2023-10-16 17:13:25 ET

The New York Stock Exchange has suspended trading of Rite Aid ( NYSE: RAD ) shares as the exchange moves to delist the company in the wake of its bankruptcy filing this weekend.

Shares of Rite Aid were suspended at 4:15 p.m. ET. Rite Aid filed for Chapter 11 bankruptcy protection on Sunday.

“In reaching its delisting determination, NYSE Regulation noted that the restructuring term sheet contemplates that the Company’s equity holders are expected to receive no recovery,” the exchange added .

Rite Aid has a right to appeal the delisting determination.

More on Rite Aid

• Rite Aid Shareholders Are Wiped Out Under A Chapter 11 Bankruptcy Plan
• Rite Aid files for Chapter 11 bankruptcy
• Rite Aid to file quarterly report late with SEC
• Seeking Alpha’s Quant Rating on Rite Aid
• Historical earnings data for Rite Aid

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