December 22, 2016 / 10:59 PM / 7 months ago

BRIEF-Alden Global Capital reports 24.8 pct stake in Fred's Inc

1 Min Read

Dec 22 (Reuters) - Fred's Inc :

* Alden Global Capital reports 24.8 pct stake in Fred's Inc

* Based on its belief that the shares are undervalued

* Alden Global Capital says intend to engage in discussions with Fred's Inc board, other stockholders, related to co's agreement to acquire 865 stores and certain assets of Rite AID Corp Source text: (bit.ly/2ihg0iG) Further company coverage:

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