UPDATE ON RITE AID BUYOUT BY WALGREENS AND WALGREENS EARNINGS, NEW RITE AID BUY ZONE $RAD $WBA $KR $CVS
This post was just published on ZYX Buy Change Alert. WBA is long from $29.60. As of this writing it is trading at $79.69. RAD is long from $4.95 and is trading at $7.11 as of this writing. 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. 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