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Sept 29 (Reuters) - U.S. Concrete:
* U.S. CONCRETE TO ACQUIRE POLARIS MATERIALS CORPORATION
* WILL ACQUIRE ALL ISSUED, OUTSTANDING COMMON SHARES OF POLARIS FOR C$3.40 PER SHARE IN CASH BY WAY OF A STATUTORY PLAN OF ARRANGEMENT
* DEAL FOR APPROXIMATELY C$309 MILLION
* PRICE PER SHARE IMPLIES AN AGGREGATE FULLY DILUTED EQUITY VALUE FOR POLARIS OF APPROXIMATELY C$309 MILLION
* DEAL REPRESENTS 22% PREMIUM TO C$2.79 PER SHARE TRANSACTION PRICE PURSUANT TO TERMINATED VULCAN AGREEMENT
* POLARIS TERMINATED ARRANGEMENT AGREEMENT BETWEEN POLARIS, VULCAN MATERIALS COMPANY AND A WHOLLY-OWNED SUBSIDIARY OF VULCAN
* U.S. CONCRETE TO ACQUIRE POLARIS MATERIALS CORPORATION
* POLARIS' BOARD, SPECIAL COMMITTEE HAVE UNANIMOUSLY RECOMMENDED POLARIS SHAREHOLDERS, AMONG OTHERS VOTE IN FAVOUR OF DEAL Source text for Eikon: Further company coverage:
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