Sept 29 (Reuters) - Polaris Materials Corp PLS.TO :
* POLARIS ANNOUNCES ARRANGEMENT AGREEMENT WITH U.S. CONCRETE AND TERMINATION OF ARRANGEMENT AGREEMENT WITH VULCAN MATERIALS
* IN CONNECTION WITH TERMINATION OF VULCAN ARRANGEMENT AGREEMENT, COMPANY PAID C$10 MILLION TO VULCAN AS A TERMINATION FEE
* U.S. CONCRETE HAS ADVANCED FUNDS FOR PAYMENT OF C$10 MILLION TERMINATION FEE PAYABLE PURSUANT TO VULCAN AGREEMENT
* USCR ARRANGEMENT WILL BE FINANCED WITH CASH ON HAND AND IS NOT SUBJECT TO ANY FINANCING CONTINGENCY