Toys “R” Us – Court Approves Procedures for Auction of Shared Services Business

October 18, 2018 – The Court hearing the Toys “R” Us case approved bidding procedures in respect of the sale of its shared services business (the “Shared Services Business”) [Docket No. 5310]. Central to the bidding procedures motion is the agreement of the Debtors’ Term B Lenders to serve as a stalking horse bidder with…