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U.S. Concrete Inc. acquired the assets of On Time Ready Mix Inc., a ready-mixed concrete producer serving Queens, New York. The deal closed in early January 2018.
Polaris Materials securityholders overwhelmingly approved the plan of arrangement for U.S. Concrete to acquire all outstanding common shares of Polaris for C$3.40 per share. The transaction is expected to close on or about November 17, 2017.
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.