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Gerresheimer said to have rejected takeover approach from Bain Capital, reveals Bloomberg

Stock markets are plunging and debt is becoming more expensive but that isn't stopping the buy-out giants from having a go.

Indeed, the latest large buy-out attempt by US private equity house involves Bain Capital, which was founded by former Republican US presidential candidate Mitt Romney.

According to arch rivals at Bloomberg, Bain recently lodged a bid to buy Germany-listed Gerresheimer, a manufacturer of primary packaging products for medication and drug delivery devices...