secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001193125-23-237652
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523237652/0001193125-23-237652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523237652/d529973d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-237652

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