February 06, 2017
Bankrupt sports equipment maker Performance Sports Group Ltd. on Monday received court approval in Delaware for a $575 million sale of its assets to a joint venture that made the only offer for the company in its Chapter 11 case.
February 02, 2017
Performance Sports Group Ltd. made a final push late Wednesday for the Delaware bankruptcy court to approve its $575 million sale to a joint venture of equity holder Sagard Capital Partners LP and Fairfax Financial Holdings Ltd., arguing that the deal is enough to pay secured creditors in full.
January 30, 2017
Oakley Inc. filed an objection Friday in Delaware opposing the $575 million sale of assets proposed by bankrupt sports equipment maker Performance Sports Group Ltd., saying it holds trademark rights to some of the company's products included in the sale.
January 26, 2017
Performance Sports Group Ltd. announced Thursday it will seek a Delaware bankruptcy judge's approval to sell the company's assets to a joint venture for $575 million, citing a lack of competing bids in accepting the stalking horse bid.
January 23, 2017
Performance Sports Group Ltd. told the Delaware bankruptcy court on Friday that it plans to sell its struggling soccer uniform business line to one of its original owners for nearly $1.6 million, which the sports equipment maker believes will be better than what a liquidation would have yielded.
January 06, 2017
Sports equipment maker Performance Sports Group Ltd. received bankruptcy court approval Thursday in Delaware for a key employee incentive plan that could pay up to $5 million to company workers based on the sale price of its assets at auction.
December 21, 2016
Performance Sports Group Ltd. asked the Delaware bankruptcy court late Tuesday to approve a plan to pay roughly $5 million in bonuses, including additional compensation to executives that could exceed $3.5 million depending on the price the athletic equipment maker fetches at auction.
December 20, 2016
A bankruptcy watchdog will appoint an ombudsman to safeguard Performance Sports Group Ltd. customers' personal information, which will likely be transferred in a planned sale of the bankrupt athletic equipment maker's assets, according to an order Monday from a Delaware bankruptcy judge.
December 13, 2016
The equity committee in Performance Sports Group Ltd.'s bankruptcy took issue late Monday with the athletic equipment maker's request to make more than $4 million in severance payments from before it filed for Chapter 11 protection, including to eight executives, arguing there is no justification for the "tremendous" expense.