Kmart Selling 3 Divisions

Kmart Corp., trying another avenue for raising cash for its struggling discount stores, said Tuesday it would sell majority stakes in three specialty store divisions to the public.

Spokeswoman Shawn Kahle said the Kmart board decided to offer to the public at least a 51 percent stake in Borders-Walden Group, The Sports Authority and OfficeMax.

OfficeMax will be the first stock to be offered, within the next few weeks, Kahle said.