TRP_1170x120_3-8-19

Jefferies LLC

Fred’s agrees to acquire 865 Rite Aid stores

Fred’s agrees to acquire 865 Rite Aid stores

NEW YORK — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have agreed to sell 865 Rite Aid stores and related assets to Fred’s Inc. for $950 million in cash. The deal is subject to approval by the Federal Trade Commission as well as approval and completion of the pending WBA acquisition of Rite