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Shopko Stores, Under Bankruptcy Court Protection, to Close 105 Stores

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Retail chain Shopko Stores is in reorganization mode, after filing a voluntary petition for Chapter 11 bankruptcy court protection. The company filed its petition in a bankruptcy court in Nebraska late Wednesday. Shopko secured $480 million in debtor-in-possession financing from certain pre-petition lenders, led by Wells Fargo, N.A. The company, which will continue to operate…

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