pecialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.

Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with the U.S. Bankruptcy Court for the District of Delaware.

The company said it plans to sell itself as a going concern and partially liquidate the business. However, if the plan fails, the company plans a full liquidation.

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