Page 5 of 10 – SEC Filing The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”). Item 1. Security and Issuer.
This statement relates to the Class A Common Stock, no par value per share (the “Shares”), of Fred’s, Inc., a Tennessee corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 4300 New Getwell Road, Memphis, Tennessee 38118. Item 2. Identity and Background.
(a) This statement is filed by: (i) Strategic Investment Opportunities LLC, a Delaware limited liability company (“Opportunities”);
(ii) Alden Global Capital LLC, a Delaware limited liability company (“Alden”), as the investment manager of Opportunities; and
(iii) Heath Freeman, as the President of Alden.
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. (b) The address of the principal office of each of the Reporting Persons is 885 Third Avenue, 34th Floor, New York, New York 10022. (c) The principal business of Opportunities is investing in securities and related instruments. The principal business of Alden is investment management. The principal occupation of Mr. Freeman is serving as the President of Alden. (d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Freeman is a citizen of the United States of America. Item 3. Source and Amount of Funds or Other Consideration.
The Shares purchased by Opportunities were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 9,275,000 Shares owned directly by Opportunities is approximately $158,201,820, excluding brokerage commissions. Follow Freds Inc (NASDAQ:FRED)
Follow Freds Inc (NASDAQ:FRED)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).
| Item 1. | Security and Issuer. |
This statement relates to the Class A Common Stock, no par value per share (the “Shares”), of Fred’s, Inc., a Tennessee corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 4300 New Getwell Road, Memphis, Tennessee 38118.
| Item 2. | Identity and Background. |
(a) This statement is filed by:
| | (i) | Strategic Investment Opportunities LLC, a Delaware limited liability company (“Opportunities”); |
| | (ii) | Alden Global Capital LLC, a Delaware limited liability company (“Alden”), as the investment manager of Opportunities; and |
| | (iii) | Heath Freeman, as the President of Alden. |
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
(b) The address of the principal office of each of the Reporting Persons is 885 Third Avenue, 34th Floor, New York, New York 10022.
(c) The principal business of Opportunities is investing in securities and related instruments. The principal business of Alden is investment management. The principal occupation of Mr. Freeman is serving as the President of Alden.
(d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Mr. Freeman is a citizen of the United States of America.
| Item 3. | Source and Amount of Funds or Other Consideration. |
The Shares purchased by Opportunities were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 9,275,000 Shares owned directly by Opportunities is approximately $158,201,820, excluding brokerage commissions.
Follow Freds Inc (NASDAQ:FRED)
Follow Freds Inc (NASDAQ:FRED)
We may use your email to send marketing emails about our services. Click here to read our privacy policy.
