other material
confidence high
sentiment neutral
materiality 0.75
CD&R funds sell 11M shares of Core & Main in secondary offering at $23.534/share
Core & Main, Inc.
- Selling stockholders (CD&R) sell 11,000,000 Class A shares at $23.534/share to Goldman Sachs.
- Underwriter has 30-day option to purchase up to an additional 1,650,000 shares.
- Company receives no proceeds from the secondary offering.
- The offering is a liquidity event for Clayton, Dubilier & Rice, a major stockholder.