Honestly, I highly doubt a buyout is probable.
Despite being a "worthless" company, as some posters have been touting, RSH still brings in billions in revenue each year. All they need to do is cut operational expenditures and close under performing stores and they could be back in the black in a couple quarters.
Not sure why its so hard to execute a cost cutting plan, except for the lenders have been putting up road blocks to closing stores for the past year, furthering RSH's losses.
Oh, and the executives should take a HUGE pay cut for essentially running RSH into the ground. They should not be rewarded for losses.
