Rite Aid bankruptcy plan approved, cutting $2 bln in debt

Rite Aid

28/06/2024 19:05

NEW YORK, June 28 (Reuters) - A U.S. bankruptcy judge on
Friday approved Rite Aid's restructuring plan, allowing the
pharmacy chain to cut $2 billion in debt and turn over control
of the company to a group of its lenders.

 (Reporting by Dietrich Knauth
Editing by Chris Reese)
 ((Dietrich.Knauth@thomsonreuters.com;))