April 27, 2018 / 8:52 PM / 3 months ago

Toys "R" Us Canada gets court nod for assets sale

(Reuters) - Toys “R” Us (Canada) Ltd on Friday received U.S. and Canadian court approval to sell itself to Prem Watsa’s Fairfax Financial Holdings Limited (FFH.TO), the bankrupt toy retailer said in a statement.

A closed Toys 'R' Us store is seen near York, Britain March 21, 2018. REUTERS/Phil Noble/File Photo

The sale, which also includes Babies “R” Us stores in Canada, is expected to close this quarter, the company said.

Reporting by Ahmed Farhatha; Editing by Arun Koyyur

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