August 15, 2016 / 3:22 PM / in a year

BUZZ-Performance Sports Group Ltd: Hits record low

** Canadian sports equipment and apparel maker’s U.S.-listed shares down 60 pct at record low of $1.40 late morning

** Toronto-traded shares down 62 pct at all-time low of C$1.71

** Company says it could default on debt; possible default due to delay in filing its annual report as a result of an internal probe into financial statements

** Earlier this month, company announced corporate restructuring, which will result in 15 pct workforce reduction

** Up to Friday’s close, U.S. shares had fallen nearly 78 pct in 12 months

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