Catalyst-led creditors in the lead to control Cirque du Soleil: Reuters

A group of Cirque du Soleil creditors led by Catalyst Capital Group is the frontrunner to win control of the Montreal-based entertainment company ahead of a Tuesday deadline for bids, reported Reuters.

A group of Cirque du Soleil creditors led by Catalyst Capital Group is the frontrunner to win control of the Montreal-based entertainment company ahead of a Tuesday deadline for bids, reported Reuters. Last month, Cirque and its creditors reached an agreement worth US$900 million in debt forgiveness and up to US$375 million in new financing, which acts as an opening offer that other interested bidders must surpass if they want to buy the company.

Source: Reuters