Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Rite Aid
Corporation("Rite Aid” or "the Company") (NYSE: RAD) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Walgreens Boots Alliance,
Inc. (“Walgreens”).
Click here to learn more about the investigation http://brodsky-smith.com/995-rad-rite-aid-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction Rite Aid shareholders will receive
only $9.00 in cash for each share of Rite Aid stock they own. The
investigation concerns whether the Board of Rite Aid breached their
fiduciary duties to shareholders and whether Walgreens is underpaying
for Rite Aid. The transaction may undervalue Rite Aid and will result in
no real gain for many Rite Aid shareholders. For example, Rite Aid stock
traded at $9.32 per share as recently as August 5, 2015 and an analyst
has placed a $10.00 per share price target on Rite Aid stock.
If you own shares of Rite Aid stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by
visiting http://brodsky-smith.com/995-rad-rite-aid-corporation.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and class
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
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