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Performance Sports Group reviews strategic alternatives, says no deal reached

October 11, 2016 - 12:44 PM

TORONTO - Performance Sports Group Ltd. (TSX:PSG) said Tuesday it is reviewing and evaluating strategic alternatives, but it has not reached any deals.

The company says that together with its independent financial adviser, Centerview Partners, it has had talks with "certain interested parties and stakeholders" but no agreement has been signed.

Until it is appropriate to make a public announcement on any potential transaction, the company said it will not comment further.

Performance Sports Group, which makes Bauer hockey equipment, Easton baseball gear and other sports products, made the comment at the request of the Investment Industry Regulatory Organization of Canada.

Shares in the company had jumped higher in early trading Tuesday before they were temporarily halted.

The stock was up 36 cents at $5.22 in afternoon trading on the Toronto Stock Exchange.

Performance Sports Group announced in August that an internal investigation of its financial statements had delayed filing its audited annual report by the deadline.

News from © The Canadian Press, 2016
The Canadian Press

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