It appears likely Toys “R” Us’ operations in Canada will live to see another day.
The bankrupt retailer cancelled an auction for its assets in Canada
and will seek approval from the court on Tuesday to sell them to
Toronto-based Fairfax Financial Holdings Ltd. The investment firm had submitted a $236.8 million “stalking-horse” bid (C$300) to buy Toys “R” Us’ Canadian operations, which includes 82 stores.. . . more