MDN: Fred’s Could Buy More Rite Aid Stores
Fred’s Inc. may end up buying more than the 865 Rite Aid stores it’s already planned to acquire as part of the merger of two drugstore chains.
In December, Memphis-based Fred’s said it would buy those 865 stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. on the heels of Walgreens working to satisfy regulatory concerns for its purchase of Rite Aid. Since then, the two chains have said they may divest more stores to overcome concerns from regulators.
And both Walgreens and Fred’s affirmed this week that if that larger divestiture happens, Fred’s likely will end up scooping up even more stores.