Rite Aid shareholders approve share consolidation



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Pedestrians pbad by Rite Aid Corp. in Oakland, California.

David Paul Morris | Bloomberg | Getty Images

Pedestrians pbad by Rite Aid Corp. in Oakland, California.

Rite Aid's shareholders approved the company's stock consolidation, with the aim of strengthening the shares of the pharmacy chain sufficiently so that they can continue trading on the New York Stock Exchange.

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