BUSINESS
Cirque du Soleil creditors set to reject TPG Group's offer - BNN Bloomberg
BUSINESS

Cirque du Soleil creditors set to reject TPG Group's offer - BNN Bloomberg

Published: June 29, 2020  |  3 min read, 615 words
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Continuous Play:The information you requested is not available at this time, please check back again soon.Creditors of Cirque du Soleil Entertainment Group are set to turn down a proposal led by TPG that would leave them with a 45-per-cent stake in the company in exchange for wiping out most of its debt.Montreal-based Cirque filed for protection from creditors in Canada on Monday after the coronavirus pandemic forced it to close shows around the world, triggering a fight for control of one of the best-known brands in live performance.The company said it entered into a so-called stalking... READ MORE
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