Walgreens(WAG) announced today that it has reached an agreement to acquire prescription files and inventory from 33 Kmart pharmacies in 16 states from Sears Holdings(SHLD). A quick look at the locations reveals that these are the Kmart locations scheduled to be closed in the next few months. The first transition already happened 3 days ago, though Sears has not commented nor were any terms disclosed. Sears hopes to raise $170 million by liquidating inventory at these stores.
Disclosure: The author holds no position in any stock mentioned.
