San Diego, CA -- (SBWIRE) -- 12/01/2015 -- An investigation for shareholders in Rite Aid Corporation shares was announced concerning the takeover of Rite Aid Corporation by Walgreens Boots Alliance, Inc for $9.00 per share.

Investors who purchased shares of Rite Aid Corporation (NYSE:RAD) and currently hold any of those NYSE:RAD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Rite Aid Corporation breached their fiduciary duties owed to NYSE:RAD investors in connection with the proposed acquisition.

On 27 October 2015, Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE:RAD)announced that they have entered into an agreement under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid Corporation (NYSE:RAD)for $9.00 per share in cash, for a total enterprise value of approximately $17.2 billion.

However, given that at least one analyst has set the high target price for NYSE:RAD shares at $10.00 per share and that NYSE:RAD shares traded as recently as August 2015 in the open market as high as $9.32 per share, the investigation concerns whether the offer is unfair to NYSE:RAD stockholders. More specifically, the investigation concerns whether the Rite Aid Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On November 30, 2015, NYSE:RAD shares closed at $7880 per share.

Those who are current investors in Rite Aid Corporation shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com