The Cirque du Soleil's shareholders terminated their takeover bid after the insolvent entertainment business reached an agreement with its creditors.

The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and it would work with the government to bring the more than 150,000 British customers home over the next two weeks.

The Cirque de Soleil has signed a deal to sell a majority stake in the famed circus group to U.S. private equity firm TPG for an undisclosed price.