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Polaris announces filing of shareholder meeting materials in connection to consider acquisition by U.S. Concrete

Tuesday, 17 Oct 2017 08:52pm EDT

Oct 17 (Reuters) - Polaris Materials Corp ::Polaris announces filing of shareholder meeting materials in connection with special meeting to consider acquisition by U.S. Concrete.

Polaris expects FY 2017 sales volumes to be 3.2 mln to 3.4 mln tons

Tuesday, 17 Oct 2017 05:00pm EDT

Oct 17 (Reuters) - Polaris Materials Corp :Polaris announces Q3 2017 sales volumes, further increase to full year sales expectations.Polaris Materials Corp - ‍sales volumes in Q3 2017 were 973,000 tons, an increase of 50% over Q2 2017​.Polaris Materials Corp - ‍sales expectations for Q4 2017 are in range of 1.1 to 1.3 million tons​.Polaris Materials Corp - ‍now expect FY 2017 sales volumes to be 3.2 million to 3.4 million tons.

Source Energy Services Ltd. announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets

Tuesday, 17 Oct 2017 03:42pm EDT

Oct 17 (Reuters) - Source Energy Services Ltd ::Announces acquisition of Preferred Sands' Wisconsin Mine, Processing Facility and Canadian Frac Sand Assets as well as $90 million in equity financings.Consideration for Acquisition includes U.S.$80 million in cash, subject to closing and post-closing adjustments​.Acquisition is expected to provide significant accretion in cash flow per share in 2018​.Acquisition is also expected to be immediately accretive, based on key operational metrics​.Financing deal by $25.1 million public bought deal equity financing, $65 million private placement equity financing, draws on credit facilities​.Prior to closing of acquisition, co expects to increase its revolver limit under its credit facilities from $35 million to $70 million​.Approximately $20 million of revolver limit will be utilized to finance acquisition​.In connection with deal, co ‍entered agreement with underwriters to issue 3 million shares on bought deal basis at $8.35 per share​.

India's Shree Digvijay Cement posts Sept-qtr profit

Tuesday, 17 Oct 2017 08:58am EDT

Oct 17 (Reuters) - Shree Digvijay Cement Co Ltd ::Sept quarter net profit 100,000 rupees versus loss 97.3 million rupees year ago.Sept quarter revenue from operations 949.1 million rupees versus 902.1 million rupees year ago.

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