RITE AID RIPPING ON WALGREENS BOOTS UPDATE, KROGER SPECULATION $RAD $WBA $KR $CVS $SFM $WFM
This post was just published on ZYX Buy Change Alert. RAD is long from $4.95. As of this writing it is trading at $8.18. 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 has provided an update. WBA is in active negotiations with FTC. WBA thinks that the transaction can be approved with divesture of about 500 stores to another strong player. Previously, WBA has stated that it would be open to divesting up to 1000