Forterra’s largest holder costs 10M shares at $13.50 (NASDAQ:FRTA)

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Forterra (NASDAQ:FRTA) slips 4% after-hours after pricing its secondary providing by the most important stockholder, an affiliate of Lone Star Funds (Promoting Stockholder) of 10M frequent shares at $13.50/share, a 7.6% low cost from yesterday’s shut of $14.61.

Underwriters’ over-allotment is an extra 1.5M Promoting Stockholder’s shares.

Lone Star Funds’ affiliate will obtain all the proceeds from this providing.

Time limit is September 21.

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