CNM Buyback

Core & Main Inc. Buyback

OLI recorded this information on 1/22/2024

Company:

Core & Main Inc.

Buyback:

CNM buyback

Share Amount Authorized:

5,000,000

Buyback Details:

Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced the launch of an underwritten secondary public offering of 19.8 million shares of its Class A common stock by certain selling stockholders. Core & Main is not offering any shares of Class A common stock in the offering and will not receive any proceeds from the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. In addition, Core & Main announced that concurrent with the completion of the offering, it expects to repurchase and redeem, as the case may be, from the selling stockholders 3.13 million shares of its Class A common stock and 1.87 million partnership interests of the Company's subsidiary Core & Main Holdings, LP (together with a corresponding number of shares of Class B common stock of Core & Main) at the same per share price to be paid by the underwriters to the selling stockholders in the offering. The closing of the repurchase is subject to the closing of the offering. The closing of the offering is not conditioned upon the closing of the repurchase.

Cored & Main is a holding company. Through its subsidiaries, Co. is a specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and contractors across municipal, non residential and residential end markets nationwide. Co.'s specialty products and services are used in the maintenance, repair, replacement and new construction of water and fire protection infrastructure. Co.'s offering consists of pipes, valves and fittings, storm drainage and erosion control solutions, fire protection products and fabrication services, and smart metering products, services and technology.

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CNM — Key Stats (updated Fri., Apr. 26, 11:35 AM)

Company Name:	Core & Main Inc
Stock buyback:	CNM buyback
Website:	www.coreandmain.com
Sector:	Consumer Goods
Number of ETFs Holding CNM:	67
Total Market Value Held by ETFs:	$1.85B
Total Market Capitalization:	$10.79B
% of Market Cap. Held by ETFs:	17.16%

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Core & Main Inc. Buyback

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