Nike is close to completing a deal to sell Nike Bauer to a financial buyer from outside the industry, according to Canada's Globe and Mail newspaper. Sources familiar with the bidding process told the newspaper that the steep price tag for Nike Bauer, which is expected to be in the $250-million range (U.S.), drove off other hockey manufacturers. That left two undisclosed financial buyers at the table, one Canadian and the other American.






 

Sources told the newspaper that Easton-Bell Sports and Mission-Itech left the room when the price climbed north of $200-million.

 


Nike Bauer spokesman Steven Jones said, “I cannot comment on the sale status other than it is progressing and there has been a tremendous amount of interest from several different entities.”