Oct 11 Brookfield Asset Management Inc , Canada's largest alternative-asset manager, is considering a bid for troubled hockey gear-maker Performance Sports Group Ltd, Bloomberg reported, citing people familiar with the matter.
Performance Sports' Toronto-listed shares rose 18.3 pct to C$5.75 before being halted. The company's U.S. shares were also halted after rising 15.9 percent to $4.16.
Brookfield raised its stake to 13.2 percent in Performance Sports in September after having said it would push for a restructuring, including a possible sale. (bloom.bg/2echMAm)
The former chairman of Performance Sports, Graeme Roustan, told Reuters in August that he had hired investment banks Jefferies Group LLC and Canaccord Genuity to explore a bid.
Brookfield Asset Management and Performance Sports Group did not immediately respond to requests for a comment. (Reporting by Anet Josline Pinto in Bengaluru)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.