(Reuters) - Plumbing parts distributor Ferguson Plc (L:FERG) said on Tuesday it is considering a primary or additional listing of its shares in the United States, its biggest market, following the demerger of its UK Wolseley business this year.
In September, the company named a new chief executive officer and said it would separate the UK operations in a bid to focus more on its U.S. business after billionaire activist investor Nelson Peltz's Trian fund took a 6% stake in Ferguson.
Separately, the company also announced a $500 million (£384.9 million) share repurchase.