Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, is exploring purchasing Performance Sports Group Ltd., according to Bloomberg.
Brookfield has accumulated a 13.2 percent stake in Performance Sports Group Ltd., parent of Bauer, Easton and Maverik. Brookfield is the company’s second-biggest shareholder behind Sagard Capital Partners.
In response to active trading in its stock, Performance Sports said in a statement that while it continues to hold discussions with advisers, interested parties and stakeholders as part of a strategic review, no deal has been reached with a third party.
“Until such time as it is appropriate to make a public announcement on any potential transaction, the company will not comment further on this matter,” the company said in the statement.
In August, Performance Sports Group said it hired Centerview Partners to advise on a strategic review. It also said it had agreed to an extension with its lenders through October 28 to file its earnings under current credit agreements.
