The chances of Toys R Us surviving as an operating retailer in the U.S. keep narrowing.
Larian’s bid was, apparently, the only one that would have preserved some piece of the company’s U.S. business. It’s possible he had been in talks with the retailer for months, given the specificity of the bid, which corresponded with statements in court filings from Toys R Us attorneys in March that the retailer had “developed a potentially value-maximizing transaction” that would save it’s top 200-performing U.S. stores as part of an acquisition of the company’s Canadian business.
