Bain Pulls Innophos Share Sale

Bain Capital has withdrawn plans to sell five million shares of chemical maker Innophos Holdings Inc. (Nasdaq: IPHS), via a secondary public offering. The deal would have reduced Bain's ownership position from 48.5% to 24.5 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public last fall.