2017-01-20
Memphis-based Fred’s Inc. (NASDAQ: FRED) made major headlines in December when it announced it would acquire 865 Rite Aid stores.
That $950 million cash deal with Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) is awaiting Federal Trade Commission approval. If approved, Fred’s would grow its locations in the eastern and western U.S. and become the third-largest drug store chain in the country.
To better understand the company's plans for its brand, the Memphis Business…