Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Rite Aid Corporation (NYSE: RAD) acted responsibly on behalf of investors’ profitability in the planned $17.2 billion sale to Walgreens Boots Alliance Inc (NASDAQ: WBA).

On October 27, 2015, Rite Aid Corporation (NYSE: RAD) and Walgreens Boots Alliance Inc (NASDAQ: WBA) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Walgreens Boots Alliance Inc will offer Rite Aid Corporation shareholders $9.00 per share in cash for all outstanding shares.    

Based in Camp Hill, Pennsylvania, and founded in 1927 Rite Aid Corporation is a chain of retail drugstores in the United States.

The investigation is looking to uncover whether Rite Aid Corporation was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $10.00 per share.

If you purchased Rite Aid Corporation (NYSE: RAD) prior to October 27, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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