Sources: U.S. Court of Appeals for the Eighth Circuit, St. Louis; Littler P.C., San Francisco; CP staff
A three-judge Appellate Court panel has affirmed a U.S. District Court decision favoring Lincoln, Neb.-based Crete Carrier Corp., which had defended a policy subjecting drivers with body mass index (BMI) of 35 or higher to testing for risk of obstructive sleep apnea (OSA)—where tissues around the upper respiratory tract relax and physically block the airway.
Sources: CP staff; Forterra Concrete Holdings LLC, Irving, Texas
Forterra Building Products anticipates fourth quarter closing of two bolt-on deals secured in early-September definitive agreements, and noted in new U.S. Securities & Exchange Commission filings tied to a Forterra Inc. initial public offering.
Sources: CP staff; Forterra Inc., Irving, Texas
Water and wastewater infrastructure-geared Forterra Inc., a recently established entity emanating from Forterra Building Products, details in U.S. Securities & Exchange Commission filings an initial public offering of 18.4 million shares priced in the $19-$21 range. Success in the impending sale would give new investors and principal owner Forterra US Holdings LLC, respectively, 29 percent and 71 percent stakes in a 96-plant operation with annual sales of about $1.6 billion across Drainage Pipe & Precast Products and Water Transmission Pipe & Products segments.