Name: RAD Bankruptcy Filing To Halt Lawsuits & TWNK Explores Sale With Morgan Stanley
Uploaded: 2023-08-25T21:39:32.487-05:00
Duration: 4 min 26 s
Description: Rite Aid (RAD) is preparing to file for Chapter 11 bankruptcy. RAD faces over $3.3B in debt. RAD also faces over 1,000 lawsuits due to allegedly over-prescribing opioids. The bankruptcy filing is to halt the opioid lawsuits. Jenny Horne discusses this, along with Hostess Brands (TWNK). TWNK is working with Morgan Stanley to explore a sale. Tune in to find out more about the stock market today.

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Rite Aid (RAD) is preparing to file for Chapter 11 bankruptcy. RAD faces over $3.3B in debt. RAD also faces over 1,000 lawsuits due to allegedly over-prescribing opioids. The bankruptcy filing is to halt the opioid lawsuits. Jenny Horne discusses this, along with Hostess Brands (TWNK). TWNK is working with Morgan Stanley to explore a sale. Tune in to find out more about the stock market today.

RAD Bankruptcy Filing To Halt Lawsuits & TWNK Explores Sale With Morgan Stanley

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