Quote:
Originally Posted by cobralegion
http://business.financialpost.com/ne...-canadian-unit
"Fairfax agrees to buy Toys 'R' Us Canada in $300 million stalking horse bid, source says"
Ha I was wrong and am happy I was. This is great news!!!
Headline and story was misleading..it's just a bid and has not been accepted. Auction is next week. TRU could still turn it down.
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I'm pretty sure the bid has been accepted, it's just a type of bid where others have a chance to out-bid them. My understanding is that if nobody else bids, they have agreed to purchase.
