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We provide the latest news from the world of economics and finance
We provide the latest news from the world of economics and finance
(RTTNews) - Core & Main Inc. (CNM) announced on Wednesday that its Board has authorized a repurchase of up to $500 million of class A shares. Steve LeClair, CEO of Core & Main, said: "Our expectation of strong cash generation will allow us to continue investing in growth, both organically and inorganically, while returning capital to shareholders to compound long-term value creation."
CNM was trading up by 3.45 percent at $48.82 in the pre-market trade on the New York Stock Exchange.
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