Fred's (FRED) Prepares for the Worst Ahead of Tomorrow's Rite Aid (RAD)/Walgreens (WBA) FTC Vote
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Fred’s Pharmacy Unanimously Adopts Short-Term Shareholder Rights Plan
June 28, 2017 9:00 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Freds, Inc. (Freds Pharmacy or the Company) (NASDAQ: FRED) today announced that its Board of Directors (the Board) unanimously adopted a short-term shareholder rights plan (the Short-Term Rights Plan), which will expire on September 25, 2017.
As a result of the recent increased trading volatility in the Companys shares, and in anticipation of substantial trading activity related to the pendency of the Walgreens Boots Alliance, Inc. (Walgreens) (NASDAQ: WBA) and Rite Aid Corporation (Rite Aid) (NYSE: RAD) merger and the Companys... More
