October 11, 2016 / 5:12 PM / 2 years ago

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

** 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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below