Performance Sports Group Ltd., maker of Bauer ice hockey gear and Easton baseball equipment, filed for bankruptcy Monday in Delaware and Canada as part of a plan to sell itself to stalking horse bidders Fairfax Financial Holdings Ltd. and Sagard Capital Partners LP.
The proposed $575 million deal would include almost all of Exeter, New Hampshire-based PSG’s assets. The company and its affiliates, which have struggled in a competitive sporting goods market, listed assets and liabilities ranging between $500 million and $1 billion.
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