Moody's Gives WME IMG B2 Credit Rating CDI Net Income Drops 5% In '13 Bauer Purchases Easton-Bell Baseball/Softball Learfield Sports Acquires Nelligan Sports ISC Q4 Revenue Flat With '12 WME Faces Daunting Task In IMG Acquisition Bauer Rolls Out New Gear With Six NHLers IMG Acquisition Could Take Up To Six Months Nike Q2 Profit Rises 40% WME Execs To Meet With IMG College
Upcoming Conferences and Events
SBD/March 10, 2011/Finance
Bauer Performance Sports Launches IPO On Toronto Stock Exchange
Published March 10, 2011
READY TO PERFORM: The GUARDIAN's Mark Sweney reports digital sports rights company Perform Group will "float on the London Stock Exchange with an offer that could value the business at more than" US$800M. Perform is "looking to make an initial public offering to float a minimum of 25% of the company to raise about" US$113M. The company said that the "proceeds will be used to 'accelerate' organic growth plans and make strategic acquisitions to build the business." Perform "has appointed Credit Suisse and Morgan Stanley as joint sponsors and co-ordinators of the offer with the two banks, and UBS, also named as joint bookrunners" (GUARDIAN, 3/10).