Fred's spins lower on FTC concerns

|By:, SA News Editor

Shares of Fred's (NASDAQ:FRED) are down 5.95% in a late week swoon.

The FTC is reportedly still trying to decide if the company is a viable buyer of Rite Aid stores.

Bloomberg notes that the FTC has been burned in the past when approving mergers only to see deals for the sale of divested stores fail to close.

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