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Toys ‘R’ Us Canada Gets Court Nod for Assets Sale

Submitted by jhartgen@abi.org on

Toys “R” Us (Canada) Ltd said on Friday that it received U.S. and Canadian court approval to sell itself to Prem Watsa’s Fairfax Financial Holdings Limited, Reuters reported. The sale, which also includes Babies “R” Us stores in Canada, is expected to close this quarter, the company said.