Rite Aid Corporation (RADCQ)
- Bloomberg
Rite Aid CEO’s $20 Million Pay Spurs Lender Backlash
(Bloomberg) -- Rite Aid Corp.’s main lenders are demanding a proposed $20 million payout to Chief Executive Officer Jeffrey Stein be reduced before they fund the company’s exit from bankruptcy, according to people with knowledge of the situation.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayA Struggling Business Park Deals a Blow to Singapore's Regional Hub Ambitions‘Everything Is Not Going to Be OK
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Rite Aid Seeks to Reassure Creditors it Will Survive Chapter 11
(Bloomberg) -- Rite Aid Corp.’s legal team sought to reassure creditors that the bankrupt pharmacy chain will survive Chapter 11, saying the company is still working with banks and a key bondholder group on a rescue deal that has taken longer than expected to finalize.Most Read from BloombergFed’s Favorite Underlying Inflation Gauge Is Seen CoolingIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtQatar Airways Jet Encounters Severe Turbulence, Leaving 12 HurtIsraeli Military Proceed
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Rite Aid Advisers Asked to Cut Their Bills as Cash Squeezed
(Bloomberg) -- Some Rite Aid Corp. creditors have asked advisers representing the bankrupt pharmacy chain to cut their professional fees amid mounting liquidity concerns, according to people with knowledge of the situation. Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashNvidia Forecast Shatters Estimates as AI Boom Stays StrongOne Dead After Singapore Air Flight Hit By Severe TurbulenceThe drugstore c
