Performance Sports Group Ltd. said today that it would seek approval from a U.S. bankruptcy court for the sale of its assets to Sagard Capital Partners LP and Fairfax Financial Holdings Ltd., after it failed to attract other bids, Reuters reported. Sagard, Performance's biggest shareholder, and Fairfax had agreed in October to act as stalking-horse bidders to buy most of the Bauer ice hockey gear maker's assets and its North American units for $575 million. The auction scheduled for Jan. 30 will not be held as no qualified bids were submitted by the deadline of Jan. 25, said Performance, which owns Mission Roller Hockey and Maverik Lacrosse brands.
