Forterra (FRTA) Announces Secondary Offering of 10 Million Shares
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Forterra Announces Secondary Offering of 10,000,000 Shares
September 14, 2020 4:15 PM EDTIRVING, Texas, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Forterra, Inc. (the Company or Forterra) (NASDAQ: FRTA) announced today that the Companys largest stockholder, an affiliate of Lone Star Funds (the Selling Stockholder), intends to offer for sale in an underwritten secondary offering 10,000,000 shares of common stock of the Company. The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock of the Company. The Selling Stockholder will receive all of the proceeds from the sale of shares in this offering. No shares are being sold by the... More
