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0 -0.00476190476190466 -0.00476190476190466 -0.00952380952380953 0.00476190476190487 0.00952380952380953 0 9.52380952380848E-05
Stock impact report

October Surprise: Rite Aid Shareholders Propose Worthy Spin-Off At Annual Meeting [Forbes]

Rite Aid Corporation (RAD) 
Last rite aid corporation earnings: 4/16 07:00 am Check Earnings Report
US:NYSE Investor Relations: riteaid.com/corporate/investor-relations
Company Research Source: Forbes
Rite Aid shareholders are anxiously awaiting news from company executives regarding the future of the company. (AP Photo/Richard Drew) It’s the month of Halloween and it appears Rite Aid may finally hand out a hallowed prize after a long tumultuous year of failed marriages and operational challenges in a changing retail marketplace. Just when many shareholders thought it was time to throw in the towel, Rite Aid faces its crowning moment at this month’s annual shareholder meeting on October 30th. Rite Aid's board of directors is entertaining a shareholder proposal called the “Lisa Weiss Proposal” to spin off the pharmacy benefits management (PBM) division, EnvisionRx , in a tax-free stock distribution deal to existing shareholders. 20% of the spun off company will be kept to meet tax-free status mandated by regulators. The board is open to considering and adopting the plan. The proposal is summarized in the proxy material (“Other Matters”) and being c Show less Read more
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