BUZZ-Performance Sports Group: Brookfield Asset Management weighs bid-Bbg

Tue Oct 11, 2016 1:07pm EDT
 
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** Canadian sports equipment and apparel maker's Toronto-listed shares and U.S.-listed shares halted for news pending

** Canada-listed shares were last up 18.3 pct at C$5.75, U.S.-listed shares up about 16 pct; both shares highest in nearly 7 months

** Second-biggest shareholder Brookfield Asset Management Inc plans to make a bid, Bloomberg reports, citing sources (bloom.bg/2dUQQDS)

** Performance Sports Group did not immediately respond to a request for comment, while Brookfield declined to comment

** Graeme Roustan, former chairman of Performance Sports, told Reuters in August he hired investment banks to explore a bid

** Up to Friday's close, Canadian stock more than doubled since Roustan said he planned to bid