CD&R Is Said to Seek to Exit Core & Main Stake Via Share Sale

Clayton Dubilier & Rice is set to sell the last of its stake in Core & Main Inc., people familiar with the situation said.

An unnamed group of shareholders is offering to sell 19.8 million shares in the distributor of products such as water pipes and fire sprinklers, according to a press release Monday.

The unnamed sellers are seeking to raise as much as $827.6 million from the sale, the people said, asking not to be identified as the information is private. The shares were marketed in a price range of $41.35 to $41.80 each, the people said.

The ...