Fred's reportedly back in the hunt for Rite Aid stores

|By:, SA News Editor

Fred's (NASDAQ:FRED) is up 3% amid renewed talk that the company is in the hunt to buy Rite Aid (RAD -0.2%) stores as part of the the Walgreens divestiture.

DealReporter says Fred's is competing with another strategic buyer and a P/E firm for the Rite Aid stores.

Previously: Retail chains on watch as Walgreens closes in on divestiture deal (Dec. 13)

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