Agoracom: Small Cap Investment - Polaris Materials Corporation - Polaris at Year Highs as Announces Receipt of Superior Proposal; Had Agreed Deal With NYSE-listed Vulcan

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Polaris at Year Highs as Announces Receipt of Superior Proposal; Had Agreed Deal With NYSE-listed Vulcan

posted on Sep 22, 2017 08:13AM

2017-09-22 08:10:23 AM ET (MT Newswires)

08:10 AM EDT, 09/22/2017 (MT Newswires) -- Polaris Materials (PLS.TO) said Friday that it has received an unsolicited offer from an undisclosed US construction materials company to acquire the company for $3.40 per share in cash, which the board deems as the superior proposal compared to Vulcan Materials' offer of $2.79 per share.