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Fred's Inc (FRED.O)

FRED.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

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

Fred's Pharmacy unanimously adopts shareholder rights plan
Tuesday, 27 Dec 2016 07:00am EST 

Fred's Inc : Fred's inc - after fred's observed "unusual and substantial activity in company's shares", board unanimously adopted rights plan . Fred's inc - sets trigger of 10 percent . Fred's inc - "has had an ongoing dialogue with a number of shareholders" . Fred's inc - rights plan not adopted in response to any specific takeover bid or other proposal to acquire control of company . Fred's inc - will close 40 underperforming stores in first half of 2017, creating a benefit to earnings of over $4 million .Fred's pharmacy unanimously adopts shareholder rights plan.  Full Article

Walgreens Boots Alliance, Rite Aid reach agreement to sell 865 Rite Aid stores to Fred's Pharmacy
Tuesday, 20 Dec 2016 08:30am EST 

Walgreens Boots Alliance Inc : Walgreens Boots Alliance Inc says continues to expect that it will realize synergies from acquisition of Rite Aid in excess of $1 billion .Walgreens Boots Alliance and Rite Aid reach agreement to sell 865 Rite Aid stores to Fred's Pharmacy.  Full Article

More From Around the Web

BRIEF-Walgreens to sell more assets to win Rite Aid nod - Bloomberg

* Walgreens said ready to sell more assets to win Rite Aid nod - Bloomberg, citing sources