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Bain Sells Innophos Shares

Bain Capital has completed its secondary offering of four million shares of chemical maker Innophos Holdings Inc. (Nasdaq: IPHS), for $27.50 per share. The deal reduced Bain's ownership position from 48.3% to 29.1 percent. Bain acquired Innophos in 2004 from Rhodia for $550 million, and brought it public in 2006. It had filed to sell five million shares last year, but later pulled the offering.