June 29, 2017 / 11:41 AM / 24 days ago

BRIEF-Fred's to get $25 mln for expenses related to terminated Walgreens-Rite Aid merger

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June 29 (Reuters) - Fred's Inc:

* Fred's Pharmacy comments on termination of Walgreens-Rite Aid merger and related agreement with Fred’s

* Fred's Inc - termination of asset purchase agreement with Walgreens and Rite Aid has no impact on Fred's Pharmacy's transformation

* Fred's Inc - will receive $25 million as reimbursement for expenses associated with terminated transaction

* Says "‍this is a disappointing outcome"​

* Fred's Inc - following termination of the merger, Fred's Pharmacy asset purchase agreement with Walgreens and Rite Aid has also been terminated Source text for Eikon: Further company coverage:

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