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Article Date: February 2017
Word Count: 131

Sagard/Fairfax Close on Performance Sports Group Sale


The $575 million stalking horse bid for the assets of Performance Sports Group formally closed, with CEO Harlan Kent agreeing to stay on as interim CEO while a permanent replacement is identified. As part of the transition, Kent and several others resigned as board members of the new entity, which is a private company controlled by two Canadian investors, Sagard Capital and Fairfax Holdings.

 

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