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By The Online Investor Staff, updated Mon., Apr. 20, 9:23 PM

Slide #3. Fred's, Inc. Reeves-Sain Drug Store, Inc.

Acquirer: Fred's, Inc. (NASDAQ:FRED)
Acquiree: Reeves-Sain Drug Store, Inc.
Details: Fred's, Inc. (NASDAQ:FRED) today announced that it has completed the previously reported $66 million acquisition of Reeves-Sain Drug Store, Inc., a private specialty and retail pharmacy company, including its EntrustRx specialty pharmacy operation.

Fred's is primarily engaged in the sale of general merchandise through its retail discount stores and pharmacies. In addition, Co. sells general merchandise to its franchisees. Co. and its subsidiaries operated, at Feb 1 2014, 704 retail stores, including 21 franchised Fred's stores, in 15 states in the southeastern U.S. At Feb 1 2014, there were 355 pharmacies, which are included in Co.-owned and express stores. Co.'s Fred's Brand products include household cleaning supplies, health and beauty aids, disposable diapers, pet foods, paper products and a range of food and beverage products. Co.'s stores serve low, middle and fixed income families located in small- to medium- sized towns.

Open the FRED Page at The Online Investor »

Company Name:  Fred's Inc.
Sector:  Department Stores
Number of ETFs Holding FRED:  27
Total Market Value Held by ETFs:  $46.41M
Total Market Capitalization:  $620.00M
% of Market Cap. Held by ETFs:  7.49%

Open the FRED Page at The Online Investor (in a new window) »

April 20, 2015    9:23 PM Eastern
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