UPDATE 1-Fred's adopts poison pill ahead of Walgreens-Rite Aid deal decision
June 28, 2017 at 11:06 AM EDT
June 28 (Reuters) - Fred's Inc, which is buying stores from Rite Aid as part of the company's deal to be acquired by Walgreens, said its board adopted a shareholder rights plan in light of "increased trading activity" ahead of a decision on the deal.