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Fred’s Pharmacy Strikes Deal to Buy 865 Rite Aid Stores for $950 Million

Purchase Would Create Third-Largest U.S. Drug Store Chain
CoStar News
December 20, 2016 | 2:56 P.M.

Fred’s Inc. (NASDAQ: FRED) has signed an agreement with Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) to purchase 865 stores and certain assets related to store operations located across the eastern and western United States for $950 million in cash.

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