Buyouts

FILE - In this Feb. 10, 2017, file photo, a man walks by a Rite Aid pharmacy in the Oakland section of Pittsburgh. After two failed buyouts, Rite Aid will shuffle its board of directors and spread out leadership at the top of the drugstore chain. Rite Aid said Thursday, Sept. 27, 2018, that three new, independent directors will be nominated to its board, and CEO John Standley will no longer hold the title of chairman. That will go to current board member Bruce Bodaken. (AP Photo/Gene J. Puskar, File)
September 27, 2018 - 10:26 am
After two failed buyout attempts that could have put it in a better position to compete against larger rivals, Rite Aid is shuffling its board of directors and dividing power at the top of the drugstore chain. Rite Aid said Thursday that three new, independent directors will be nominated to its...
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Customers check out the Tesla X, at the Tesla showroom in Santa Monica, Calif., on Wednesday, Aug. 8, 2018. Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private. Six of nine members said in a prepared statement Wednesday that Musk began talking with the board about the move last week. (AP Photo/Richard Vogel)
August 08, 2018 - 9:28 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal. Almost everything about the deal is outlandish...
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