Fred's (FRED) Prepares for the Worst Ahead of Tomorrow's Rite Aid (RAD)/Walgreens (WBA) FTC Vote
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Rite Aid (RAD) Trades at Session High, Up 12%
June 28, 2017 2:02 PM EDTRite Aid (NYSE: RAD) surged to session highs Wednesday afternoon, climbing 12%. The FTC is expected to vote on its merge with Walgreens tomorrow and speculation is running rampant.
... MoreFred's (FRED) Sees Positive Intra-Day Action
June 28, 2017 12:47 PM EDTFred's (NASDAQ: FRED) sees upside action following earlier flat trading ahead of tomorrow's FTC vote on WBA/RAD. Shares last traded up 2.2%.
Fred's (FRED) Adopts Short-Term Shareholder Rights Plan Due to Recent Increased Trading Volatility
June 28, 2017 9:01 AM EDTFreds, Inc. (NASDAQ: FRED) today announced that its Board of Directors 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 associated Asset Purchase Agreement with Walgreens and Rite... More
