Reported Earlier, Core & Main To Acquire Green Equipment Company, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Core & Main Inc. (NYSE:CNM) has announced a definitive agreement to acquire Green Equipment Company, a provider of underground utility protection equipment. The financial terms of the acquisition were not disclosed.
August 20, 2024 | 7:03 am
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Core & Main Inc. is acquiring Green Equipment Company to enhance its infrastructure services. This strategic move could strengthen CNM's market position in utility protection equipment.
The acquisition of Green Equipment Company by Core & Main is likely to enhance CNM's product offerings and market reach in the utility protection sector. This strategic move is expected to positively impact CNM's stock price in the short term as it strengthens its infrastructure capabilities.
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