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Toys ‘R’ Us owners will hand out $20 million severance to employees
(CNN) -- Two of the former owners of Toys "R" Us have agreed to pay $20 million to help laid-off employees. Bain Capital and KKR, private equity firms that owned part of the toy retailer, set up a severance fund to pay former workers who lost their jobs when the company closed its stores. The third owner, real estate firm Vornado, did not join the fund, and did not immediately respond to request for comment.