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Fred’S Pharmacy unanimously adopts short-term shareholder rights plan


Wednesday, 28 Jun 2017 09:00am EDT 

June 28 (Reuters) - Fred's Inc :fred’s pharmacy unanimously adopts short-term shareholder rights plan.Fred's inc - board unanimously adopted short-term rights plan.Fred's - pursuant to short-term rights plan, company is issuing one right for each share of common stock outstanding at close of business on july 7, 2017..Fred's inc - sets trigger at 10 percent.Fred's inc - the rights will expire on september 25, 2017; company's board of directors may redeem rights for $0.01 per right.