UPDATE: Brookfield said to weigh takeover Performance Sports Group (PSG)

October 11, 2016 11:26 AM EDT

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(Updated - October 11, 2016 11:31 AM EDT)

Performance Sports Group (NYSE: PSG) trading paused for volatility.

Brookfield Asset Management (NYSE: BAM) is said to weigh takeover of the company, according to Bloomberg. Brookfield has accumulated a 13.2 percent stake in the company.

Performance Sports' ex-chair is also weighing a bid for the company's debt.

Performance Sports hired Centerview Partners in August to advice on its strategic review.

Shares were up nearly 16 percent at the pause.

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