Breaking News | Fairfax bids $300 million for Toys R Us’s Canada business

Breaking News | Fairfax bids 0 million for Toys R Us's Canada business
Breaking News | Fairfax bids 0 million for Toys R Us’s Canada business
Breaking News | Fairfax bids 0 million for Toys R Us’s Canada business

Canada’s Fairfax Financial Holding has placed a bid of 0 million to buy Toys R Us’s Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a “stalking horse” in a court-approved auction set for Monday in New York. That means it could be outbid in the auction if other buyers come in with a higher offer. The bid from Fairfax surpassed the 5 million offer that Isaac Larian, the CEO of privately held toy company MGA Entertainment, ma…

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Breaking News | Fairfax bids 0 million for Toys R Us’s Canada business