Newspaper article The Canadian Press

Brookfield, Sagard in Huddle to Discuss Next Play for Performance Sports Group

Newspaper article The Canadian Press

Brookfield, Sagard in Huddle to Discuss Next Play for Performance Sports Group

Article excerpt

Performance Sports shareholders in a huddle

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TORONTO - Two of the largest shareholders in Performance Sports Group have signed confidentiality agreements with each other and plan to discuss strategic options for the maker of Bauer hockey skates, Easton baseball gear and other sports equipment.

The agreements involve the Sagard Capital Partners arm of Montreal-based Power Corp. (TSX:POW) and Brookfield Capital Partners, part of Toronto-based Brookfield Asset Management (TSX:BAM.A).

Sagard owns 16.9 per cent of Performance Sports (TSX:PSG) and Brookfield holds about 13.2 per cent of the New Hampshire-based company, which has historical roots in Canada.

Performance Sports has been struggling since the bankruptcy of a major U.S. customer earlier this year. It's approaching a Friday deadline for filing its delayed financial reports with regulators. …

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