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Performance Sports Group receives court approval of sale of all of its assets

Tuesday, Feb 07, 2017

Performance Sports Group receives court approval of sale of substantially all of its assets to investor group led by Sagard and Fairfax Financial.

Performance Sports - Anticipates that completion of sale will occur on or about February 23, 2017, but not later than February 27, 2017. Performance Sports- Obtained approval for sale of all assets and North American subsidiaries to co-owned affiliates of Sagard Holdings, Fairfax Financial Holdings Limited for $575 million.

Anticipates that operations will continue uninterrupted.

 

Source: reuters.com

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