other material
confidence high
sentiment neutral
materiality 0.70
Selling stockholders (CD&R) launch secondary offering of 19.8M shares at $40.985
Core & Main, Inc.
- Selling stockholders include CD&R Fund X entities and CD&R Waterworks Holdings.
- Total shares offered: 19,782,087 at $40.985 each; proceeds to selling stockholders ~$810M.
- Company receives no proceeds; all shares sold by existing stockholders.
- Underwriters are J.P. Morgan and Citigroup; underwriting agreement dated Jan 22, 2024.