The company's CEO says there are 'five to six groups” interested in buying the business
In connection with the filing, Cirque du Soleil says it has entered into a “stalking horse” purchase agreement with its existing shareholders.
Two funds totalling US$20 million will also be set up to support Cirque workers and pay freelancers who are still waiting. The company added that given that its resident shows in Las Vegas and Orlando are expected to resume before the rest of the its shows, the artists and show staff of the resident shows division are not affected. Cirque du Soleil puts on an acrobatic show in Munich on Feb. 13, 2020. The company is looking for a new owner who will keep it headquartered in Montreal.
“Everyone was waiting for us to take shelter from our creditors,” said Lamarre, who added he doesn’t believe the company waited too long before filing for creditor protection.
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