Fairfax makes sole bid for Toys R Us

VAUGHAN, Ont. — Toys R Us has wound down the auction for its Canadian segment, with Fairfax Financial Holdings making the lone qualified bid. Fairfax made its $300 million stalking-horse offer on the heels of several new purchases including infrastructure firm Carillon Canada and an expanded stake in Torstar. A hearing on Thursday in a Virginia court will review the sale and determine whether final approval is granted. Fairfax remains mum about whether it will make a play for the toy retailer’s U.S. business.