# U.S. Concrete to acquire Polaris Materials for C$309 million

Polaris Materials entered into an arrangement agreement with U.S. Concrete, under which U.S. Concrete will acquire all Polaris shares for C$3.40 per share in cash, implying an equity value of approximately C$309 million. Polaris terminated a prior agreement with Vulcan Materials.

- Type: Acquisition
- Announced: 2017-09-29
- Where: Canada
- Value: $247.0M (309.0M CAD)
- Status: announced
- Products: construction aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Vulcan Materials Company](https://endata.com/companies/21256.md) (partner)
- [Polaris Materials Corporation](https://endata.com/companies/26570.md) (target)
- [U.S. Concrete](https://endata.com/companies/27247.md) (acquirer)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/polaris-announces-arrangement-agreement-with-us-concrete-and-termination-of-arrangement-agreement-with-vulcan-materials-648667883.html), 2017-09-29: "The cash purchase price under the USCR Arrangement represents a 254% premium to Polaris' closing share price of C$0.96 on August 25, 2017."
- [reuters.com](https://www.reuters.com/article/business/us-concrete-to-acquire-polaris-materials-corporation-idUSASB0BLEZ/), 2017-09-29: "U.S. CONCRETE TO ACQUIRE POLARIS MATERIALS CORPORATION"

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