Fairfax agrees on deal to keep Toys `R’ Us Canada unit going

FAIRFAX FINANCIAL HOLDINGS Ltd. signed an agreement to buy the Canadian unit of Toys “R” Us Inc. for about $237 million. / BLOOMBERG FILE PHOTO/JASON ALDEN
FAIRFAX FINANCIAL HOLDINGS Ltd. signed an agreement to buy the Canadian unit of Toys “R” Us Inc. for about $237 million. / BLOOMBERG FILE PHOTO/JASON ALDEN
NEW YORK - Fairfax Financial Holdings Ltd., the investment firm run by billionaire Prem Watsa, signed an agreement to buy the Canadian unit of Toys “R” Us Inc. for about C$300 million ($237 million). The so-called stalking horse bid allows other potential buyers to enter competing proposals by Monday, according to a United States bankruptcy…
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