Fairfax Financial makes bid for Canada Toys stores: WSJ

Fairfax Financial Holdings Ltd has offered to buy the Canadian stores of Toys “R” Us out of bankruptcy for US$300 million, the Wall Street Journal reported. The offer is subject to higher bids; the sale would also include Canadian business’ intellectual property, including its brands, the story said. Toronto-based Fairfax is the holding company of Canadian billionaire Prem Watsa.

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