By Ben Glickman
Rite Aid is negotiating a bankruptcy plan which would involve closing roughly 400 to 500 stores, The Wall Street Journal reported Friday. People familiar with the conversations between Rite Aid and creditors said the bondholders would like to liquidate a larger number of pharmacy locations.
Southwest Gas Holdings said that its subsidiary, Centuri, had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. The company had already disclosed plans to spin off its utility infrastructure services business. Shares sink 2.2%, to $60.97, after-hours.
Vaccinex will effect a 1-for-15 reverse stock split. The company said its shares would begin trading on a split-adjusted basis Sept. 26. Vaccinex said the split was meant to bring the company in compliance with the Nasdaq Capital Market’s minimum bid price of $1. Shares fall 6.5%, to 14 cents, after-hours.
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