Dollarama Backer Exits in $301M Deal

Canada's Dollarama Inc.’s largest shareholder will exit the company, selling its stake to an unidentified financial institution for $301 million, Reuters reported. Bain Dollarama, which is indirectly owned by private equity firm Bain Capital, will sell its 9.2 million shares for C$32.50 each, a slight discount on the company’s closing price Monday. Bain Dollarama's stake represented 12.4% of Dollarama's about 73.65 million outstanding shares, Reuters said.

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