secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001193125-23-274559
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523274559/0001193125-23-274559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000119312523274559/d584397d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-274559

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