Advanced Drainage Systems, Inc. shares fall 2.10% intraday as Core & Main Inc. acquires Canada Waterworks.

Advanced Drainage Systems, Inc. declined 2.10% in intraday trading. The recent news event of Sterling Infrastructure completing the acquisition of CEC and Core & Main Inc. entering into a definitive agreement to acquire Canada Waterworks Inc. and Canada Waterworks Ottawa Inc. may have influenced the stock's movement. The acquisition of Canada Waterworks by Core & Main Inc. could be seen as a positive development for the industry, potentially impacting Advanced Drainage Systems, Inc. negatively due to increased competition or market share shifts.