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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 16, 1994
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RITE AID CORPORATION
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(Exact name of registrant as specified in charter)
Delaware 1-5742 23-1614034
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(State or other jurisdic- (Commission (IRS Employer Iden-
tion of incorporation) File Number) tification No.)
30 Hunter Lane
Camp Hill, Pennsylvania 17011
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 761-2633
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Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Rite Aid Corporation's Board of Directors approved a stock
repurchase program to acquire up to 5 million shares of the
company's common stock to commence no earlier than February 23,
1994. A copy of the press release announcing the stock repurchase
program is included in this Form 8-k filing as Exhibit 99.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Rite Aid Corporation
Date: February 16, 1994 BY: /s/ Frank Bergonzi
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Frank Bergonzi
Senior Vice President,
Finance
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EXHIBIT 99
(RITE AID CORPORATION LETTERHEAD)
PRESS RELEASE
For further information contact:
Frank Bergonzi
Senior Vice President, Finance
(717) 975-5750
FOR IMMEDIATE RELEASE
RITE AID ANNOUNCES 5 MILLION SHARE
STOCK REPURCHASE PROGRAM
Camp Hill , PA (February 16, 1994) - Rite Aid Corporation (RAD-NYSE,
PSE), announced today that its Board of Directors has approved a stock
repurchase program to acquire up to 5 million shares of its common stock.
Any such purchases will be made in the open market from time to time,
depending on then existing market conditions, or in privately negotiated
transactions. Such purchases will commence no earlier than February 23,
1994.
Rite Aid recently repurchased approximately 2,077,300 shares of its
common stock at $18.50 per share in a "Dutch Auction" self-tender offer.
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