Fred's Inc (FRED.OQ)
20 Jan 2017
Discount store operator Fred's Inc adopted a poison pill, less than a week after hedge fund Alden Global Capital LLC reported a 24.8 percent stake in the company.
Alden Global Capital reported on Thursday a stake of 24.8 percent in Fred's Inc , and said it would engage in discussions with the discount store operator over its $950 million acquisition of 865 stores from Rite Aid Corp .
Rite Aid Corp said it would sell 865 stores to Fred's Inc for $950 million to satisfy antitrust concerns over its proposed takeover by Walgreens Boots Alliance Inc.
* Significant reductions in snap payments and warmer-than-expected weather during month contributed to october's sales decline
* September same store sales view down 2.7 percent -- Thomson Reuters data Source text for Eikon: Further company coverage:
* Q2 earnings per share view $-0.21 -- Thomson Reuters I/B/E/S
* Michael Bloom named CEO as Jerry Shore sets retirement date
Aug 4 Fred's Inc July Same Store Sales View 0.0 Pct