There are so many possibilities... but yes... Rite Aid has been looking for a suitor for merger etc for a while since the last deal with Albertsons failed and their PPS has fallen below the required NYSE $1 mark to stay on the exchange.
https://www.forbes.com/sites/brucejapsen/2019...ce-a-deal/
https://www.forbes.com/sites/brucejapsen/2019...ce-a-deal/