Reuters logo
Rite Aid to sell 865 stores to Fred's
December 20, 2016 / 1:56 PM / a year ago

Rite Aid to sell 865 stores to Fred's

Dec 20 (Reuters) - Rite Aid Corp, which is being acquired by Walgreens Boots Alliance Inc, said it would sell 865 stores to Fred’s Inc for $950 million in cash.

The sale is in response to concerns raised by the Federal Trade Commission over the proposed $9.4 billion deal between Walgreens and Rite Aid.

Reporting by Gayathree Ganesan in Bengaluru; Editing by Anil D'Silva

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below