Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger
Retail TouchPoints
OCTOBER 20, 2023
million to settle a class-action lawsuit brought by investors who claim they were misled by the company about the likelihood of a successful 2015 merger with Rite Aid , multiple sources report. In late 2015, WBA agreed to acquire Rite Aid and its 4,600 U.S. stores, with the deal expected to close in late 2016.
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