Stull, Stull & Brody Announces Investigation of Possible Breaches of Fiduciary Duties of Officers and Directors of Rite Aid Corporation

NEW YORK, Oct. 27, 2015 /PRNewswire/ -- Stull, Stull & Brody is investigating potential claims on behalf of shareholders of Rite Aid Corporation (NYSE: RAD) (the "Company") concerning whether the Company's Board of Directors breached its fiduciary duty by entering into an agreement to be acquired by Walgreens Boots Alliance, Inc. ("Walgreens") for $9.00 per share.

The current investigation is focused upon whether the Company's Board of Directors breached its fiduciary duty to maximize value to the Company's shareholders and to act in shareholders' best interests, including whether the Board of Directors undertook an adequate sales process and disclosed all material information to the Company's shareholders.

Shareholders of Rite Aid may contact Jason D'Agnenica, Esq. at Stull, Stull & Brody to discuss their rights in connection with the proposed transaction, by calling 1-800-337-4983, extension 145, or by email at [email protected].

Stull, Stull & Brody has represented shareholders in merger litigation and other securities class actions for over 40 years and has obtained court approval of substantial settlements on numerous occasions.

Attorney Advertising. Prior Results Do Not Guarantee a Similar Outcome.

SOURCE Stull, Stull & Brody