- Reuters•4 days ago
The FTC isn't convinced that Walgreen's proposal to sell 865 drugstores to Fred's Inc (FRED.O) would do enough to preserve competition that would be lost in the $9.4 billion tie-up, Bloomberg reported on Friday. The FTC is also unlikely to complete its review of the deal before the deadline of Jan. 27 to close the transaction, the Bloomberg report said. In October, Walgreens said it was "confident about this deal," despite having to postpone the closure of the deal by three months to the end of January.
- American City Business Journals•4 days ago
Memphis-based Fred’s Inc. (FRED) made major headlines in December when it announced it would acquire 865 Rite Aid stores . To better understand the company's plans for its brand, the Memphis Business Journal turned to Michael Bloom, CEO of Fred’s. Michael Bloom: The Rite Aid deal is a transformative event for Fred’s Pharmacy that, if approved, accelerates our growth plan and builds on existing scale and infrastructure with the addition of 865 stores.
- Forbes•4 days ago
The Federal Trade Commission may not be ready to approve Walgreens acquisition of Rite Aid on concerns a divestiture of hundreds of stores to Fred's Pharmacy isn't preserving competition.
FRED : Summary for Fred's, Inc. - Yahoo Finance
Fred's, Inc. (FRED)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||14.99 x 100|
|Ask||15.17 x 100|
|Day's Range||14.65 - 15.28|
|52 Week Range||7.89 - 21.77|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-68.51|
|Dividend & Yield||0.24 (1.54%)|
|1y Target Est||N/A|