Seeking Alpha

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.
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