Aug 28 (Reuters) - Polaris Materials Corp PLS.TO
* Polaris Materials - Vulcan will acquire all of issued and outstanding shares of Polaris for C$2.79 per share in cash by way of a statutory plan of arrangement
* Polaris announces friendly acquisition by Vulcan Materials Company (NYSE:VMC)
* Price per share implies an aggregate fully diluted equity value for Polaris of approximately C$252 million
* Polaris Materials -special committee, board unanimously recommended shareholders, optionholders,deferred unit holders of Polaris vote in favour of deal