Anyone following RAD has known this for a few months now. That's why the stock has been trading at half WBA's offer price. The Faux News article is stale news.
RAD seems to have found a floor around $3ish? No doubt some of that support is hedge funds buying RAD based on the idea that it will double if the deal is finally allowed to pass. But the hedge funds are exactly that - Hedged!
I don't own the shares, and wouldn't without at least some long dated $3 puts standing by. But puts are expensive (for a reason!) so personally, I've been selling the weekly $3s, but taking it small and carefully. That trade wins at any price above $3 as well as allowing approximately 15% more downside on the shares before it becomes a loser.
Anyone buying naked RAD shares based on the idea of a double would be better off in Vegas, where they at least comp you drinks while you're gambling.
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