CD&R selling 19M shares of Core & Main at $30.44 in secondary offering

Core & Main, Inc.

Selling stockholders (CD&R funds) offer 19M Class A shares at $30.44/share; underwriter has 30-day option to buy 2.85M more.
Concurrent redemption of 5M partnership interests and purchase of 3.13M Class A shares from CD&R by the company.
Company receives no proceeds; all cash from sale goes to selling stockholders.
Offering represents a significant reduction of CD&R's stake in Core & Main.

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