Rite Aid Unions Denied Role in Negotiating Bids for Retail Chain

Unions officials don’t have the right to be involved in potential bids for the bankrupt pharmacy chain Rite Aid Corp., a federal judge said on Thursday.

The ruling means unions for Rite Aid workers won’t be able to influence how bidders craft their offers as the company tries to attract buyers for its stores. Tentative offers, known as “indications of interest” were due last week.

A union for employees in New York and New Jersey had asked US Bankruptcy Judge Michael Kaplan to order Rite Aid to give the group the names and contact information for anyone preparing an ...