Shopko, which filed for Chapter 11 bankruptcy protection this month, said it is leaving the pharmacy business to shore up its finances. The Green Bay, Wis.-based retailer plans to auction off about 120 pharmacy locations to generate $52 million.
Now that the sale is approved, Walgreens will acquire 63 of Shopko’s pharmacy locations. Other successful bidders included, CVS, Rite Aid, Albertsons and Kroger.
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