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• The Wall Street Journal reports that Toys R Us has rejected an “11th hour offer” by Isaac Larian, the founder of Bratz dolls maker MGA Entertainment, to acquire some of its stores for $675 million, as well as its Canadian business for an additional $215 million.

According to the story, “Larian’s offer didn’t meet the qualified bid threshold under the court-approved auction procedures.”

An auction of Toys R Us’s US stores reportedly is scheduled for today, with the plan still to sell off the better-performing Canadian business as a piece.
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