Walgreens Boots Alliance Inc. has been named the successful bidder at about half of the approximately 120 pharmacies at which bankrupt retailer Shopko auctioned off assets a few days ago, the Wall Street Journal reported. Agreements have been signed, or are in the process of being signed, that are expected to generate $52 million in pharmacy auction proceeds for Shopko, the company said on Saturday. A Walgreens spokesman said on Saturday that the company was pleased with the auction results and, pending the sales’ approval by the bankruptcy court, looks forward to welcoming Shopko customers to the chain’s pharmacies. A hearing to approve the sales to the successful bidders is expected to be held Monday in U.S. Bankruptcy Court in Omaha, Neb. An auction for Shopko’s pharmacy assets, including prescription inventories, records, customer lists and patient profiles, was held on Wednesday in the Chicago office of Kirkland & Ellis LLP, one of the law firms representing the general-merchandise chain since it filed for bankruptcy earlier this month.
