August 17, 2016 / 2:57 PM / in a year

BUZZ-Performance Sports Group Ltd: SEC to investigate

** Canadian sports equipment and apparel maker’s U.S.-listed shares fall as much as 20.6 pct to $1.66; Toronto-listed shares drop as much 20.7 pct C$2.14

** Company says facing investigation by SEC

** PSG said earlier this week it had begun an internal probe into its financial statements that would lead to a delay in filing its annual report and possible default on its debt

** Up to Tuesday’s close, company’s U.S.-listed shares were down 78 pct YTD; Canadian-listed stock down nearly 80 pct

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