Forterra (FRTA) Prices 10M Share Secondary Offering at $13.50/Sh
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Forterra Announces Pricing of Secondary Offering of 10,000,000 Shares
September 16, 2020 11:46 PM EDTIRVING, Texas, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (the Company or Forterra) (NASDAQ: FRTA) announced today the pricing of the previously announced underwritten secondary offering by the Companys largest stockholder, an affiliate of Lone Star Funds (the Selling Stockholder), of 10,000,000 shares of common stock of the Company, at a price of $13.50 per share (before underwriting discounts and commissions). The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock of the Company at the public offering price. The Selling Stockholder will receive... More
