Coliseum Capital in talks over potential Performance Sports deal: Reuters
U.S. hedge fund Coliseum Capital Management LLC, the third-largest shareholder of Performance Sports Group Ltd, said it was in talks with a third party related to a potential deal involving the maker of Bauer ice hockey gear, Reuters reported. Performance Sports, which filed for bankruptcy protection in October, has received a "stalking horse" bid from its largest shareholder Sagard Capital Partners LP, an affiliate of Canada’s Power Corp, and Fairfax Financial Holdings Ltd. Coliseum Capital said it had received consent from Performance Sports' financial adviser to begin discussions with an affiliate of one of the buyers of the sports gear maker, according to a regulatory filing on Tuesday.
29 November 2016•2 mins read
