TMZ reports credits The second leg of Kanye West's Saint Pablo Tour has not just been put on hold

The second leg of Kanye West's Saint Pablo Tour has not just been put on hold ... it's been outright cancelled ... TMZ has learned.
As we reported, Kanye's psych hospitalization put the 2017 portion of the tour on ice, with no restart date set. At the time Kanye was at UCLA Medical Center, sources connected with the rapper insisted the tour would go on, even though belatedly.
Now we've learned Kanye's people contacted concert promoter Live Nation and informed them the second leg -- which for the most part was European -- was officially cancelled. Among the planned stops -- Paris, U.K. and Germany.
We're told cancelling did not pose real problems, because no dates were set and no tickets were sold.
TMZ broke the story ... Kanye has an insurance policy that reimburses him for any lost profits or expenses associated with cancellations that result from a medical condition.

Rite Aid to sell 865 stores to Fred's

(Reuters) - Rite Aid Corp said it would sell 865 stores to Fred's Inc for $950 million to satisfy antitrust concerns over its proposed takeover by Walgreens Boots Alliance Inc.
Fred's shares jumped 73 pct to $19.34 in morning trading on Tuesday, while Rite Aid shares were up 5.6 pct at $8.63.
Rite Aid and Walgreens were widely expected to divest stores in states where the combined company would have a particularly strong position.
 Walgreens has 13,200 stores, nearly 60 percent of which are in the United States, while Rite Aid has 4,570 stores in the United States.

Walgreens said in October 2015 it would buy smaller peer Rite Aid for $9.4 billion to widen its U.S. footprint.
Fred's will continue to operate the acquired stores under the Rite Aid banner during the transition period, the companies said on Tuesday.
Walgreens said it continues to expect the acquisition to realize savings of over $1 billion within three to four years after the closing of the deal, which is expected in early 2017.
Fred's said BofA Merrill Lynch and Regions Bank will provide financing for store acquisitions.
 http://www.aol.com/article/finance/2016/12/20/rite-aid-to-sell-865-stores-to-freds/21631995/