other material
confidence high
sentiment neutral
materiality 0.75
Selling stockholders price 17M Core & Main shares at $38.12; underwriters exercise 2.55M greenshoe
Core & Main, Inc.
- Underwriters agreed to purchase 17M shares from CD&R entities at $38.12/share; option for 2.55M more exercised in full.
- Total offer of up to 19.55M shares of Class A common stock valued at ~$745M.
- J.P. Morgan Securities and Citigroup Global Markets are joint underwriters.
- Company receives no proceeds from this secondary offering by selling stockholders.