Core & Main completes 18M share secondary offering at $29.015; ceases 'controlled company'

Core & Main, Inc.

Selling stockholders sold 18,000,000 Class A shares at $29.015 each via underwriter J.P. Morgan.
Company repurchased 3,750,873 Class A shares from CD&R sellers and redeemed 6M partnership interests.
Post-transaction, Core & Main will no longer be a 'controlled company' under NYSE rules; one-year transition period.
CD&R-affiliated selling stockholders' stake reduced; aggregate consideration ~$109M for share repurchase.

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