RTTNews | Jan 4, 2022 10:01AM EST

10:01 Tuesday, January 4, 2022 (RTTNews.com) - Shares of Core & Main, Inc. (CNM) are falling more than 10% in the morning trade on Tuesday.

On Monday, the water, wastewater, storm drainage and fire protection products distributor announced secondary offering of 20 million Class A shares of the company by certain selling stockholders.

Core & Main said it will not receive any proceeds from the offering.

CNM, currently at $27.68, has traded in the range of $21.45- $32.54 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3252683/core-main-drops-10-following-secondary-offering-of-shares.aspx)

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