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Update: Bright Horizons Family Solutions' Secondary Offering

With Bright Horizons Family Solutions, Inc.'s (NYSE:BFAM) closing of an 8,000,000 share secondary offer, in which it purchased 4,500,000 shares back from selling shareholders (Bain Capital), the company purchased ownership of itself back from the previous voting power owner. Bain Capital now owns less than 50% of the voting power of BFAM, which removes BFAM's controlled company…