RITE AID RUNNING UP ON RUMOR, UPDATE ON BUYOUT $RAD $WBA $KR $CVS
This post was just published on ZYX Buy Change Alert. RAD is long from $4.95 and is trading at $7.81 as of this writing. WBA is long from $29.60. As of this writing it is trading at $83.28. 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. RAD is running up on the rumor that the two companies have made good progress in finding a buyer for the stores to be divested. Previously, WBA has stated that it