V&E Advises Fred's, Inc. in Adoption of Shareholder Rights Plan
Vinson & Elkins advised Fred’s, Inc. in connection with the adoption of a shareholder rights plan (also known as a “poison pill”).
Fred’s is headquartered in Memphis, Tenn., and operates 601 pharmacy and general merchandise stores and three specialty pharmacy-only locations, including 14 franchised Fred’s Pharmacy locations.
The V&E team was
led by Kai Liekefett, Shaun Mathew and Lawrence Elbaum, with assistance from
associates Katherine Chen and Leonard Wood.