January 26, 2017
Performance Sports Group will ask the DE bankruptcy court to approve the sale of its assets to Sagard Capital and Fairfax Holdings, which submitted a joint bid for $575 million in cash plus the assumption of certain liabilities.
The group of 65 running specialty stores will be sold to affiliates of CriticalPoint Capital, an L.A.-based boutique investment bank.
Net earnings were $17.7 million against a loss of $9.3 million for the final quarter ended Dec. 31 on a solid 10% increase in sales to $1,083.0 million against $986.1 million that was roughly half attributed to organic growth and the balance to acquisitions.
Although sales of MSRs are likely to cool off with the Republican election victory, Congressional Republicans are pushing a new law, the “Hearing Protection Act,” that would make it easier for gun owners to purchase silencers.
The Olathe, KS city council is poised to hear a request from Garmin to approve a $200 million tax abatement plan to cover the two-stage expansion the company is building in the city.
At least eight law firms have filed actions against the