Toys “R” Us Inc.’s lawyers and advisers have shot down an 11th-hour offer from a billionaire toy maker that would have kept some of its U.S. stores open, according to a person familiar with the matter.
Isaac Larian, the founder of Bratz dolls maker MGA Entertainment Inc., came forward last week with a $675 million bid for the bankrupt retailer’s U.S. stores. The offer included an additional bid of $215 million for the retailer’s Canadian operations.
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