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BRIEF-Performance Sports acquires Easton Hockey

Published 2016-01-13, 04:24 p/m
© Reuters.  BRIEF-Performance Sports acquires Easton Hockey
PSGLQ
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Jan 13 (Reuters) - Performance Sports Group Ltd PSG.TO :
* Acquires Easton hockey
* Says acquisition includes all relevant patents, inventory, sale orders,
accounts receivable and goodwill
* Expects Easton hockey business will operate at approximately break-even
EBITDA and will generate positive cash flow
* To record accounting gain on bargain purchase due to excess fair value of
assets,liabilities bought in excess of purchase price
* Says acquired the Easton hockey business from Easton hockey holdings, inc
* In Q3, expects to record accounting gain on bargain purchase due to excess
fair value of assets and liabilities acquired

* Source text for Eikon ID:nMKWWnKlVa

* Further company coverage PSG.TO

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