Rite Aid (RAD) Alert: Johnson Fistel Investigates Proposed Sale Of Rite Aid Corporation; Are Shareholders Getting A Fair Deal?

SAN DIEGO, Feb. 20, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Rite Aid Corporation (NYSE: RAD) ("Rite Aid") breached their fiduciary duties in connection with the proposed sale of the Company to Albertsons Companies.

On February 20, 2018, Rite Aid announced that it had signed a definitive merger agreement with Albertsons Companies. Under the terms of the agreement, in exchange for every ten shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either (i) one share of Albertsons Companies common stock plus approximately $1.83 in cash or (ii) 1.079 shares of Albertsons Companies stock. Albertsons Companies shareholders will own more than 70 percent of the combined company, which is expected to trade on the New York Stock Exchange.

The investigation concerns whether the Rite Aid board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Rite Aid shares of common stock.

If you are a shareholder of Rite Aid and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ( jimb@johnsonfistel.com ) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP: Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com . Attorney advertising. Past results do not guarantee future outcomes.

Contact: Johnson Fistel, LLP Jim Baker, 619-814-4471 jimb@johnsonfistel.com

Cision View original content: http://www.prnewswire.com/news-releases/rite-aid-rad-alert-johnson-fistel-investigates-proposed-sale-of-rite-aid-corporation-are-shareholders-getting-a-fair-deal-300601139.html

SOURCE Johnson Fistel, LLP

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