Fred’s receives $177 million in Walgreens asset purchase deal
Fred’s completed its $177 million asset transfer process with Walgreens on Jan. 17, according to a report the Memphis-based company filed with the SEC. (Houston Cofield/Daily Memphian file)
Fred’s Inc. has received $156.1 million in cash plus $20.6 million for inventory as part of an asset purchase deal that has been completed with Walgreens.
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Fred's Inc. WalgreensNatalie Pilgrim
Natalie Pilgrim is a Memphis native and a graduate of the University of Memphis. She is a digital producer for The Daily Memphian.
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