April 27, 2018 / 8:51 PM / a few seconds ago

Toys "R" Us Canada gets court nod for assets sale

(Reuters) - Toys “R” Us (Canada) Ltd on Friday received U.S. and Canadian court approval to sell itself to Prem Watsa’s Fairfax Financial Holdings Limited (FFH.TO), the bankrupt toy retailer said in a statement.

A closed Toys 'R' Us store is seen near York, Britain March 21, 2018. REUTERS/Phil Noble/File Photo

The sale, which also includes Babies “R” Us stores in Canada, is expected to close this quarter, the company said.

    Reporting by Ahmed Farhatha; Editing by Arun Koyyur

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below