Fred’s and Alden Global Capital LLC’s Cooperation Agreement


Vinson & Elkins advised Fred’s, Inc. in connection with the Cooperation Agreement between Fred’s and Alden Global Capital LLC, the largest shareholder of Fred’s with approximately 24.4% of the shares.

Fred’s Pharmacy 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 (Picture), Shaun Mathew and Lawrence Elbaum, with assistance from associates Leonard Wood, Jing Tong, Katherine Chen, Mariam Boxwala, Isabel Sukholitsky, Devon Holstad and Zhikai Wang. Partners Ari Berman and Julian Seiguer also assisted on the matter.

Involved fees earner: Kai Haakon Liekefett – Vinson & Elkins LLP; Shaun Mathew – Vinson & Elkins LLP; Leonard Wood – Vinson & Elkins LLP; Katherine Chen – Vinson & Elkins LLP; Jing Tong – Vinson & Elkins LLP; Mariam Boxwala – Vinson & Elkins LLP; Zhikai Wang – Vinson & Elkins LLP; Julian Seiguer – Vinson & Elkins LLP; Lawrence Elbaum – Vinson & Elkins LLP; Isabel Sukholitsky – Vinson & Elkins LLP; Devon Holstad – Vinson & Elkins LLP; Ari M. Berman – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Fred’s, Inc.;

Avatar

Author: Ambrogio Visconti