July 16 (Reuters) - Quebecor Inc QBRb.TO :
* CIRQUE DU SOLEIL: QUEBECOR WILL NOT PARTICIPATE IN LEGAL BIDDING PROCESS
* THAT IT WILL NOT PARTICIPATE IN NEARLY COMPLETED LEGAL BIDDING PROCESS TO RESCUE CIRQUE DU SOLEIL
* DECISION COMES AS QUÉBEC SUPERIOR COURT PREPARES TO HEAR AND RULE ON CREDITORS' PROPOSAL