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Fred's Inc (FRED.O)

FRED.O on Nasdaq

14.72USD
28 Apr 2017
Change (% chg)

$-0.13 (-0.88%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Fred's Inc provides update on agreement with Alden
Monday, 24 Apr 2017 05:40pm EDT 

April 24 (Reuters) - Fred's Inc : :Fred's Inc- cooperation agreement with Alden provides 1 alden designee will resign from board if Alden's ownership falls below 10 pct of outstanding shares.Fred's - cooperation agreement with Alden provides each party not to sue other, subject to certain exceptions; each party not to disparage other party.Fred's - cooperation agreement with Alden provides Alden grants co right of first refusal for block sales of shares of common stock of 5pct or more.Fred's - cooperation agreement with Alden provides co to reimburse Alden amount not to exceed $600,000 for expenses incurred for execution, effectuation of deal.  Full Article

Fred's says appointed Steven B. Rossi and Timothy A. Barton to its board
Monday, 24 Apr 2017 07:00am EDT 

April 24 (Reuters) - Fred's Inc :Says appointed Steven B. Rossi and Timothy A. Barton to its board of directors, effective immediately.Fred's Inc - Rossi, Barton added to Fred's Pharmacy board in connection with a cooperation agreement between Alden Global Capital, Fred's Pharmacy.Says cooperation agreement contains terms regarding parties working together.Says under terms of cooperation agreement, Alden is subject to certain customary standstill and other provisions.  Full Article

Walgreens to sell more assets to win Rite Aid nod - Bloomberg
Tuesday, 14 Mar 2017 02:47pm EDT 

: Walgreens said ready to sell more assets to win Rite Aid nod - Bloomberg, citing sources . Walgreens is nearing an agreement to sell more assets to Tennessee-based discount chain Fred's Inc - Bloomberg, citing sources Source - http://bloom.bg/2lXMuRx ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Fred's Pharmacy says appoints new directors
Tuesday, 7 Mar 2017 07:22am EST 

Fred's Inc : Fred's Pharmacy announces appointment of new directors . Two independent directors and chief executive officer Michael K. Bloom appointed . Michael Hayes, John Eisenman, Jerry Shore will retire from board and not stand for reelection at 2017 annual meeting of shareholders .Appointed Christopher Bodine, Peter Bocian and Michael Bloom, Fred's Pharmacy's CEO to its board of directors, effective immediately.  Full Article

Fred's February sales fell 3.5 percent to $165.4 million
Thursday, 2 Mar 2017 08:03am EST 

Fred's Inc : Fred's Pharmacy reports February sales . February same store sales fell 4 percent . February sales fell 3.5 percent to $165.4 million .Fred's Inc says "looking ahead to march and remainder of Q1, we expect customer spending will continue to increase as tax refunds are received".  Full Article

Adage capital partners reports 5.56 pct passive stake in Fred's Inc
Friday, 24 Feb 2017 04:23pm EST 

Fred's Inc :Adage Capital Partners L.P. reports 5.56 percent passive stake in Fred's Inc as on February 21, 2017.  Full Article

Fred's Pharmacy declares quarterly dividend of $0.06/shr
Thursday, 16 Feb 2017 07:45am EST 

Fred's Inc :Fred's Pharmacy declares quarterly cash dividend of $0.06 per share.  Full Article

Greenlight Capital dissolves share stake in Aecom, Arris International, Geo Group
Tuesday, 14 Feb 2017 05:20pm EST 

Greenlight Capital: Greenlight Capital dissolves share stake in Aecom - SEC filing . Greenlight Capital Inc dissolves share stake in Arris International PLC - SEC filing . Greenlight Capital takes share stake of 1.5 million Class A shares in Fred's inc . Greenlight Capital dissolves share stake in Geo Group Inc .Greenlight Capital Inc - Change in holdings are as of Dec 31, 2016 and compared with the previous quarter ended as of Sept 30, 2016.  Full Article

Fred's units entered into third amendment to credit agreement, dated as of April 19, 2015 - SEC Filing
Thursday, 2 Feb 2017 05:42pm EST 

Fred's Inc : Fred's Inc- On Jan 27, co, units entered into third amendment to credit agreement, dated as of April 19, 2015 - SEC Filing . Fred's - Amendment provides for increasing revolving loan commitment from $150 million to $225 million - SEC Filing . Fred's Inc - Amendment provides limitation on dividends paid during any four consecutive quarters to $12.5 million from $20 million-SEC Filing .Fred's- In addition,amendment contemplates up to $15 million borrowings under facility may be used in connection with acquisition up to 10 Rite Aid stores.  Full Article

Fred's Q4 sales miss estimates; Jan comp sales fall 4.8 pct
Thursday, 2 Feb 2017 07:45am EST 

Fred's Inc : Fred's Pharmacy reports January sales . January same store sales fell 4.8 percent . Q4 sales $530.7 million versus I/B/E/S view $531.2 million . Fred's Inc - On a comparable store basis, Q4 sales decreased 3.6 percent versus an increase of 1.7 percent in year-earlier period . Fred's Inc - Estimate impact of some front store issues reduced January comparable sales by approximately 2.4 percent . We estimate impact of other front store issues reduced january comparable sales by approximately 2.4 percent . Fred's Inc- "In our front store, we experienced softer sales related to continuing challenges" . Fred's- encountered "transitory" challenge in Jan, of delay of refunds for taxpayers receiving earned income tax credit or additional child tax credit . Fred's Inc - Total sales for January 2017 decreased 5.6 percent year-over-year to $148.1 million .Fred's Inc says refunds should be released on February 15, which we anticipate will have a favorable impact on February sales.  Full Article

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BRIEF-Fred's Inc provides update on agreement with Alden

* Fred's Inc- cooperation agreement with Alden provides 1 alden designee will resign from board if Alden's ownership falls below 10 pct of outstanding shares