RAD is long from $4.95. As of this writing it is trading at $7.37. RAD has a buyout offer from WBA for $9 cash. The stock is trading at a substantial discount to the offer because of the concern that the government will not approve the buyout. Yesterday, WBA on its earnings conference call stated that they are confident of an approval of the buyout by the government.
Previously, WBA has stated that it would be open to divesting up to 1000 stores to gain approval. On the conference call, WBA stated that it may be able to gain approval by divesting only 500 stores.