Discount retailer, Fred's Inc. seems to have stolen the show and emerged as the big winner from the proposed merger between Rite Aid Corporation ) and Walgreens Alliance, Inc. ( WBA - Free Report ). According Bloomberg report dated Mar 14, 2017, Walgreens is working on a deal to sell more stores than the previously offered 865 to Fred's in order to clear the antitrust hurdles under the U.S. Federal Trade Commission requirements. The new proposal includes additional stores, distribution centers, software and personnel as per the media report. This will help Fred's acquire more pharmacy stores and help it expand pharmacy business further. The news of the new proposal has spiked the share price of Fred's and they rallied almost 4% with investor sentiments echoing the optimism.