Fairfax and Sagard to Make Joint Bid for Performance Sports Group – Wall Street Journal

Fairfax Financial Holdings Ltd. and Sagard Capital Partners have agreed to make a joint bid to acquire Performance Sports Group Ltd. for more than $550 million as the sports equipment maker considers a plan to auction itself under bankruptcy court protection, one person familiar with the plans said.

Performance Sports is preparing to file for protection from its creditors as early as Monday under chapter 11 in the United States and a…