Forterra (NASDAQ:FRTA) slips 4% after-hours after pricing its secondary offering by the largest stockholder, an affiliate of Lone Star Funds (Selling Stockholder) of 10M common shares at $13.50/share, a 7.6% discount from yesterday’s close of $14.61.

Underwriters’ over-allotment is an additional 1.5M Selling Stockholder’s shares.

Lone Star Funds’ affiliate will receive all of the proceeds from this offering.

Closing date is September 21.


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