Check out "RAD" as a potential takeover candidate.
Rite-Aid is a perfect candidate for a takeover. Potential suitors are Wal-Mart, Target Stores, CVS, and Walgreens.
As a rather simplistic approach to valuation compare Walgreens to Rite Aid. Walgreen's current market cap values each of their stores at about $7,000,000/store. Rite-Aid's current market cap values each of their stores at about $220,000. It seems that this simple approach provides substantial upside to the current share price which is near the 52 week low.
Rite-Aid recently posted a smaller than expected loss for the recent quarter.