# Vulcan Materials to acquire Polaris Materials for C$252 million

Vulcan Materials Company has entered into an agreement to acquire all shares of Polaris Materials Corporation for C$2.79 per share, implying an aggregate equity value of approximately C$252 million. The transaction is expected to close in November 2017.

- Type: Acquisition
- Announced: 2017-08-28
- Where: Canada
- Value: $200.0M (252.0M CAD)
- Status: announced
- Products: construction materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Vulcan Materials Company](https://endata.com/companies/21256.md) (acquirer)
- [Polaris Materials Corporation](https://endata.com/companies/26570.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/polaris-announces-friendly-acquisition-by-vulcan-materials-company-641960793.html), 2017-08-28: "Polaris Materials Corporation today announced that it has entered into a definitive arrangement agreement with Vulcan Materials Company, pursuant to which Vulcan will acquire all of the issued and outstanding shares of Polaris for C$2.79 per share in cash."
- [prnewswire.com](https://www.prnewswire.com/news-releases/polaris-announces-friendly-acquisition-by-vulcan-materials-company-641960773.html), 2017-08-28: "Polaris Materials Corporation today announced that it has entered into a definitive arrangement agreement with Vulcan Materials Company, pursuant to which Vulcan will acquire all of the issued and outstanding shares of Polaris for C$2.79 per share in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.