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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Sep. 19, 7:41 AM

Slide #12. Forterra, Inc. Secondary Offering

Company: Forterra, Inc. (NASDAQ:FRTA)
Date announced: 9/14/2020
Shares Offered: 10,000,000
Date of Pricing: 9/16/2020
Price Per Share: $13.50
Secondary Offering Details: Forterra, Inc. (the "Company" or "Forterra") (NASDAQ:FRTA) announced today that the Company's 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 Company. -updated 9/16- Forterra, Inc. (the "Company" or "Forterra") (NASDAQ: FRTA) announced today the pricing of the previously announced underwritten secondary offering by the Company's 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 all of the proceeds from the sale of shares in this offering. No shares are being sold by the Company. The offering is expected to close on September 21, 2020.

Forterra is a holding company. Through its subsidiaries, Co. is a manufacturer of pipe and precast products in the U.S. and Eastern Canada for water-related infrastructure applications. Co.'s segments include: Drainage Pipe & Products; and Water Pipe & Products. The Drainage Pipe & Products segment manufactures drainage pipe and precast products in the U.S. and Eastern Canada. Drainage pipe has residential, non-residential and infrastructure applications. The Water Pipe & Products segment manufactures a number of products used for the transmission of potable water and wastewater such as ductile iron pipe (DIP). DIP has residential and infrastructure repair replacement applications.

FRTA SEC Filing Email Alerts Service

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Company Name: 
Forterra Inc
Website: 
www.forterrabp.com
Sector: 
Construction Materials & Machinery
Number of ETFs Holding FRTA: 
23
Total Market Value Held by ETFs: 
$29.57M
Total Market Capitalization: 
$953.00M
% of Market Cap. Held by ETFs: 
3.10%
 

Open the FRTA Page at The Online Investor (in a new window) »

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