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Toys "R" Us Canada approved to sell assets or seek investors.
Toys "R" Us Canada has received court approval to sell the company or seek new investors as it faces financial distress.
The retailer, owned by Putman Investments, plans to solicit bids and finalize a sale by June or July, with a potential auction if multiple offers emerge.
The process, initially challenged by Allied World Specialty Insurance Company over potential conflicts of interest, was revised after negotiations.
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Toys "R" Us Canadá aprobado para vender activos o buscar inversores.