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Wolfspeed is preparing to file for bankruptcy within a matter of weeks as the publicly traded chip component maker struggles to address its debt pile, according to sources familiar with the matter.

Wolfspeed Inc (NYSE:WOLF) shares plunged almost 70% after the Wall Street Journal (WSJ) revealed the chipmaker is preparing to file for Chapter 11 bankruptcy within weeks due to its inability to ...

The Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy on Monday, May 5. Rite Aid has entered talks with several potential national and regional buyers. The company said it ...