UPDATE 1-Cirque du Soleil emerges from bankruptcy protection
(Adds details on deal with creditors, background)
Nov 24 (Reuters) - Canada’s Cirque du Soleil Entertainment Group said on Tuesday it had emerged from bankruptcy, after the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off artists earlier this year.
The once high-flying Cirque, which grew from a troupe of street performers in the 1980s to a company with global reach, has slashed about 95% of its workforce and suspended shows due to the pandemic.
It had filed for bankruptcy protection in June and reached a new purchase agreement with secured lenders shortly after...