Business
Cirque du Soleil accepts purchase offer from creditors – The Jakarta Post – Jakarta Post
Canadian cultural icon Cirque du Soleil accepted a purchase offer from its creditors Thursday, which will serve as a minimum bid for an investors auction in August.
Canadian cultural icon Cirque du Soleil — currently under court bankruptcy protection — accepted a purchase offer from its creditors Thursday, which will serve as a minimum bid for an investors auction in August.
The creditors “would acquire substantially all of the Company’s assets” in the agreement, according to a statement from the global entertainment giant.
The new agreement replaces the arrangement that Cirque du Soleil and its current shareholders — American TPG, Chinese Fosun and …
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