Bain buys China Fire & Safety
Two months after Nasdaq-listed fire-safety products maker China Fire & Security Group was first approached by global private equity suitors, the company has been sold to Bain Capital for $9 a share, or a total of $265.5 million.
Bain's price represents a 44% premium over its March 4 trading price, when news that the Beijing-based company was on the block emerged. At the time, China Fire & Security released in a statement that...
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