Seeking Alpha

Bloomberg: Big retail chains eye Fred's acquisition

  • Fred's (FRED +7.1%) has talked to Walgreen (WAG +0.1%), Dollar General(DG +0.2%) and CVS Caremark (CVS +1.5%) about a sale, according to a developing Bloomberg report.
  • The company is in the midst of a strategic review.
  • Shares of FRED have popped off the news.
Comments (2)
  • mydogmoe
    , contributor
    Comments (283) | Send Message
    I think it is a valuable asset especially for a group like WAG. Not only is FRED a discounter, it is a drug store as well. Most discounters aren't into pharmacy yet...
    1 Mar, 10:36 AM Reply Like
  • Cecild
    , contributor
    Comment (1) | Send Message
    Looks like Rad would be a good deal for CVS or WAG at this time.
    4 Mar, 03:23 PM Reply Like
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