Fred's moves higher on buyout interest

Sycamore Partners is considering a possible bid for Fred's (FRED +8.8%), according to Reuters.

Sources indicate Fred's could have another suitor in addition to Sycamore.

Sector watch: Despite sluggish sales trends in the apparel retail sector, a wave of buyout interest has cropped up from P-E firms.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs