BENSALEM, Pa.–(BUSINESS WIRE)–$FRED #classaction–Law Offices of Howard G. Smith announces an investigation on behalf of Fred’s, Inc. (“Fred’s” or the “Company”) (NASDAQ: FRED) investors concerning the Company and its officers’ possible violations of federal securities laws.

In December 2016, Fred’s agreed to purchase 865 stores from Rite Aid Corp. for $950 million to help obtain approval by the Federal Trade Commission of Rite Aid’s merger with Walgreens Boots Alliance, Inc. (“Walgreens”).

Then, on June 29, 2017, Rite Aid and Walgreens terminated their merger agreement along with Fred’s asset purchase agreement.

On this news, the Company’s share price fell $2.78, or more than 22%, to close at $9.41 on June 29, 2017, thereby injuring investors.

If you purchased Fred’s securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith

Howard G. Smith, Esquire



[email protected]