Business

Bain Capital sitting on 10% gain after snapping up Metroglass stake

US private equity firm Bain Capital is sitting on a 10 percent paper gain a day after buying a stake in struggling glass products maker Metro Performance Glass. 

The firm spent almost $7 million buying a 9.4 percent stake yesterday, making it the biggest shareholder in Metroglass. Bain paid 40 cents a share using a vehicle that targets distressed ass

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