The Financial Post reports in its Wednesday edition that Brookfield Asset Management is weighing a bid for Performance Sports Group, the embattled maker of the Bauer and Easton brands. A Bloomberg dispatch to the Post says that Brookfield has accumulated a 13.2-per-cent share of the New Hampshire-based company in recent months, setting the stage for a formal takeover bid of the company. Brookfield is Performance Sports' second-biggest shareholder behind Sagard Capital Partners. Performance Sports said in a statement that it continues to hold discussions with advisers, interested parties and stakeholders as part of a strategic review, but that nothing has been made final. Its shares rose nearly 16 per cent Tuesday morning to $4.16 (U.S.) in New York before being halted. Performance Sports is down 63 per cent this year amid an investigation into the company by U.S. and Canadian securities regulators. The probe was announced two days after the company delayed reporting its earnings amid an internal investigation. Former chairman Graeme Roustan is said to be seeking financial backing to launch a bid for Performance Sports' $440-million (U.S.) in debt, then take control of the company through a restructuring.