Shopko announced plans to auction off 146 pharmacies to shore up its finances after filing for Chapter 11 bankruptcy protection earlier this month. Shopko expects to obtain $52 million from the sales.
While there were about 20 companies that were successful bidders, Walgreens walked away with the most pharmacies. Other winners included Albertsons, CVS Pharmacy and Rite Aid.
A hearing to approve the sales to the successful bidders will be held Jan. 28 in a U.S. Bankruptcy Court in Omaha, Neb.
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