Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!

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According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.

Questions:

  1. According to the article, how much has RiteAid’s stock fallen since the start of the year?
  2. According to the video, the big question is: “Who could or would buy RiteAid?” Why is this such a complex question?
  3. Where are most of RiteAid’s stores located?

Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online at https://www.nytimes.com/2023/10/15/business/rite-aid-bankruptcy.html)