Rite Aid returns to bankruptcy protection as it seeks to sell most assets

By TOM MURPHY, Associated Press
Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets.
The company said Monday that its stores will remain open as it returns to Chapter 11 bankruptcy proceedings.
The company said it will work to ensure that customer prescriptions are transferred to other pharmacies as it goes through the sale process. The drugstore chain has lined up from some of its lenders $1.94 billion in new