Open Letter to Rite Aid Corporation Shareholders After One Month of Zero Visible Action (NYSE:RAD)
One month has passed since the Aug 8th termination of the merger agreement with Albertsons. A merger agreement that Rite Aid wasted considerable time and money to push but was very much disliked and rejected by Rite Aid shareholders. This is a situation where a reasonable person would expect some significant, relatively quick changes given the chasm between shareholders and Rite Aid Leadership. Rite Aid paid significant lip service in the Aug 8th announcement to hearing and working with shareholders...
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