CIRQUE DU SOLEIL, SECURED CREDITORS NEAR RIVAL BID

Cirque du Soleil and its secured creditors are close to reaching an agreement on a second stalking horse bid for the financially strapped entertainment group, after lenders opposed a deal with shareholders including TPG Capital and Fosun International, a Canadian court heard on Friday. Canada’s Cirque has received protection from creditors as it restructures after the COVID-19 pandemic forced it to cancel shows and lay off artists. The Montreal-based entertainment company filed for bankruptcy last month. details about the rival bid by secured creditors, which sets the low-end bar for buying the company’s remaining assets but are expected to be presented in court next week. Lenders had previously dismissed a stalking horse bid from a group of investors as inadequate.