Fred's Has Contacted CVS, Walgreen, Dollar General, H.I.G. Capital to Gauge Interest in Buying Fred's -Bloomberg
February 28 2014 - 2:53PM
Dow Jones News
Retailer Fred's Inc. (FRED) has contacted CVS Caremark Corp.
(CVS), Walgreen Co. (WAG), Dollar General Corp. (DG) and private
equity firms including H.I.G. Capital to gauge interest in buying
Fred's, Bloomberg News reported Friday, citing people with
knowledge of the matter.
Fred's shares recently traded at $19.75, up $1.66 or 9.2%.
Fred's said on Jan. 9 that it would explore strategic
alternatives.
Full story at
http://www.bloomberg.com/news/2014-02-28/fred-s-said-to-pitch-sale-to-cvs-walgreen-amid-review.html
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