http://www.cbc.ca/news/business/toys...oved-1.4633692
Sale of Canadian Toys 'R' Us outlets to Fairfax Financial approved
Fairfax was only bidder for company's Canadian outlets.
A U.S. bankruptcy judge has approved the sale of the Canadian operations of Toys "R" Us to Toronto-based Fairfax Financial Holdings Ltd.
At a hearing Tuesday in Richmond, Va., Judge Keith Phillips gave his consent to the $300-million sale.
Fairfax was the only bidder at an auction held Monday in New York City for the 82 Canadian outlets of the toy retailer. The Canadian outlets have stayed open even as the company moved to shut down its operations in the U.S. and the U.K.