Hedge fund Coliseum Capital Management LLC, the third-largest shareholder of Performance Sports Group Ltd., said that it was in talks with a third party related to a potential deal involving the maker of Bauer ice hockey gear, Reuters reported. Performance Sports, which filed for bankruptcy protection in October, has received a stalking-horse bid from its largest shareholder Sagard Capital Partners LP and Fairfax Financial Holdings Ltd. Sagard and Fairfax have agreed to buy most of the company's assets and its North American units for $575 million. Coliseum Capital said yesterday in a regulatory filing that it had received consent from Performance Sports' financial adviser to begin discussions with an affiliate of one of the buyers of the sports gear maker.
