US foreign affairs chairman warns of China role in Argentina contract bid
US House Foreign Affairs Committee Chairman Brian Mast has warned Secretary of State Marco Rubio about "Chinese malign influence" in Argentina's bidding process for a major contract to dredge and operate the Parana River. Mast alleges that China is attempting to circumvent a ban on state-owned companies through a private sector proxy, specifically naming Belgian firm Jan De Nul due to its alleged ties with Chinese state-owned entities. This comes as Jan De Nul, a front-runner for the US$10 billion contract, competes against another consortium for the vital waterway.
Construction start dates announced for Avon and Buxton beach works
Dare County has announced that Great Lakes Dredge and Dock Company will begin mobilizing equipment this week for beach nourishment works in Avon, with pumping expected to start May 24-26, 2026. The Avon project will place approximately 375,000 cubic yards of sand over two weeks, followed by a move to Buxton in mid-June 2026 to place 2 million cubic yards of sand over about 95 days. The parking lot at Ramp 38 will be closed until July 15, 2026 or project completion.
Great Lakes Dredge & Dock stock (US3903331032): Latest short interest data signals market dynamics
Great Lakes Dredge & Dock (GLDD) experienced a notable drop in short interest to 9.54% of its float, down from 13.59% in April 2026. This decline reflects improved market sentiment for the company, a key player in the US dredging and marine construction sector, supported by a robust project backlog, including $2.1 billion reported in Q4 2025. As the only publicly traded pure-play dredger on NYSE, GLDD offers investors direct exposure to US infrastructure spending and coastal protection initiatives.
Nwam LLC Takes Position in Great Lakes Dredge & Dock Corporation $GLDD
Nwam LLC has acquired a new stake in Great Lakes Dredge & Dock Corporation, purchasing 217,450 shares valued at approximately $2.85 million. This move is part of a broader trend of significant institutional ownership in the company, with various large investors increasing their positions, resulting in 89.11% institutional holding. The company recently exceeded earnings expectations, reporting $0.30 EPS against an anticipated $0.20 and revenue of $256.45 million, though analysts currently rate the stock as "Hold" with a target price of $17.00.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Receives Average Recommendation of "Hold" from Brokerages
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has received an average "Hold" recommendation from six brokerage firms, with a consensus one-year target price of $17.00. The company recently exceeded Q4 earnings and revenue expectations, reporting $0.30 EPS against an estimated $0.20, and $256.45 million in revenue compared to an estimated $216.30 million. GLDD's stock is currently trading near its 52-week high, and institutional investors hold a significant majority of its shares.
Jennison Associates (GLDD) reports 1,029,264 shares (1.5%)
Jennison Associates LLC has filed an Amendment No. 19 to Schedule 13G/A, reporting beneficial ownership of 1,029,264 shares of Great Lakes Dredge & Dock Corp (GLDD) common stock, which represents 1.5% of the class. The filing indicates that Jennison Associates holds sole voting power and shared dispositive power for all 1,029,264 shares. The amendment was signed on May 6, 2026, with the ownership data accurate as of March 31, 2026.
Jennison Associates LLC Reduces Holdings in Great Lakes Dredge & Dock Corporation $GLDD
Jennison Associates LLC decreased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 10.9% in the fourth quarter, holding 3,806,504 shares valued at approximately $49.9 million. Despite this reduction, Great Lakes Dredge & Dock reported strong Q4 earnings, surpassing analyst expectations with $0.30 EPS and $256.45 million in revenue. The company maintains a "Hold" rating from analysts with an average price target of $17.00.
Sanctuary Advisors LLC Buys 94,162 Shares of Great Lakes Dredge & Dock Corporation $GLDD
Sanctuary Advisors LLC increased its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 40.2% in the fourth quarter, now owning 328,554 shares worth $4.31 million. Other institutional investors also modified their holdings, with the construction company's stock currently having a consensus "Hold" rating and an average price target of $17.00. Great Lakes Dredge & Dock recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue.
Martin County, Fl. Marks Completion of Hutchinson Island Beach Restoration Project by GLDD
Martin County, Florida, has completed a major beach restoration project on Hutchinson Island, placing about 360,000 cubic yards of sand. This $15 million project, funded entirely by federal flood control and coastal emergency resources due to Hurricane Nicole, marks the 30th anniversary of the first such restoration in the area. Officials emphasized that the ongoing renourishment protects infrastructure and local ecosystems, with continuous monitoring even between scheduled projects.
Vanguard holds 3.36M shares in Great Lakes Dredge & Dock (NASDAQ: GLDD)
Vanguard Capital Management has reported a beneficial ownership of 3,356,323 shares, representing 5.02% of Great Lakes Dredge & Dock Corp's common stock, through a Schedule 13G SEC filing. This filing indicates that Vanguard holds sole dispositive power over all these shares and sole voting power over 500,165 shares, signifying a passive institutional investment rather than an intent to influence control. The disclosure outlines Vanguard's affiliated entities and their role in managing these holdings for various funds and client accounts.
GLDD SEC Filings - Great Lakes Dredge & Dock Corp 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for investors to access SEC filings for Great Lakes Dredge & Dock Corporation (GLDD), including 10-K, 10-Q, and 8-K reports. It also features AI-powered summaries and real-time ingestion of filings. Recent filings include amended insider trading activities correcting vesting dates for stock awards, and reports on executive retirement and stock compensation with tax withholdings.
GLDD SEC Filings - Great Lakes Dredge & Dock Corp 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Great Lakes Dredge & Dock Corporation (GLDD) SEC filings, including 10-K, 10-Q, 8-K, and insider trading forms. It highlights recent filings such as the acquisition of GLDD by Huron MergeCo., Inc. for $17.00 per share, amendments to director compensation, and various insider transactions related to tax withholdings and equity awards with clarified vesting schedules. The platform enhances these documents with AI-powered summaries and real-time ingestion from the SEC's EDGAR system.
[SCHEDULE 13G/A] Great Lakes Dredge & Dock CORP Amended Passive Investment Disclosure
BlackRock, Inc. filed an Amendment No. 17 to Schedule 13G/A, disclosing a beneficial ownership of 5,467,592 shares, or 8.2% of Great Lakes Dredge & Dock CORP (GLDD), as of March 31, 2026. This filing specifies that BlackRock's Reporting Business Units hold 5,306,560 shares with sole voting power and 5,467,592 shares with sole dispositive power. The document reiterates that the shares are held in the ordinary course of business and not for the purpose of influencing company control.
GLDD SEC Filings - Great Lakes Dredge & Dock Corp 10-K, 10-Q, 8-K Forms
This page provides access to Great Lakes Dredge & Dock (GLDD) SEC filings, including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms, enhanced with AI-powered summaries. Recent filings detail stock awards to executives, an amendment regarding the Hart-Scott-Rodino waiting period for a tender offer, and Saltchuk Resources' acquisition of GLDD for $17.00 per share, including a cash tender offer for its 5.25% Senior Notes due 2029. The site also covers BlackRock's beneficial ownership of GLDD shares and provides company operating data.
GLDD SEC Filings - Great Lakes Dredge & Dock Corp 10-K, 10-Q, 8-K Forms
This page provides a comprehensive resource for Great Lakes Dredge & Dock SEC filings (GLDD), including annual reports (10-K), quarterly earnings (10-Q), material events (8-K), and insider trading forms. It highlights recent significant events such as the company's agreement to be acquired by Saltchuk Resources for approximately $1.5 billion, and details financial performance, credit adjustments, and insider stock transactions. The platform enhances these documents with AI-powered summaries and real-time ingestion from the SEC’s EDGAR system.
Great Lakes Dredge & Dock Corporation (GLDD) hits fresh high: Is there still room to run?
This article discusses Great Lakes Dredge & Dock Corporation (GLDD) reaching a new 52-week high. It examines whether there is potential for further stock price appreciation, suggesting that strong momentum and recent performance could indicate continued positive movement for the company.
Dredging and beach renourishment underway in Destin (VIDEO)
A $10 million beach renourishment project has commenced in Destin, Florida, to restore approximately 150,600 cubic yards of beach eroded by Hurricane Sally in 2020. The project is largely funded by FEMA and Okaloosa County tourism funds, with Great Lakes Dredge and Dock Company conducting the work in two areas of west Destin beaches.
GLDD Completes $500,000 Grant to Texas A&M University for GLDD’s Coastal & Dredging Laboratory
Great Lakes Dredge & Dock (GLDD) has completed its $500,000 grant to Texas A&M University, supporting the GLDD Coastal & Dredging Laboratory. CEO Lasse Petterson has committed to another five years of support for the lab, highlighting the company's dedication to coastal engineering and dredging innovation. This initiative aims to advance research, education, and foster the next generation of industry leaders.
Great Lakes Dredge & Dock stock (US3903331032): Why does its dredging dominance matter more now for infrastructure plays?
Great Lakes Dredge & Dock (US3903331032) is a dominant player in U.S. dredging, crucial for maintaining and expanding waterways, ports, and coastal protections. Propelled by increasing federal investments in resilient infrastructure, the company secures steady contracts in a sector with high barriers to entry. Its business model, focused on long-term government contracts and fleet modernization, offers investors a defensive play with exposure to infrastructure spending and emerging opportunities in offshore wind energy.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Receives Average Rating of "Hold" from Brokerages
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has received a consensus "Hold" rating from six brokerages, with an average 12-month price target of $17.00. The company recently surpassed earnings estimates, reporting $0.30 EPS against an expected $0.20, and revenue of $256.45 million, exceeding analyst forecasts. Institutional ownership remains high at 89.11%, with several firms increasing their stakes in the latest quarter.
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Short Interest Down 46.5% in March
Short interest in Great Lakes Dredge & Dock Corporation (GLDD) significantly decreased by 46.5% in March, totaling 1,572,087 shares, representing about 2.4% of its shares. The company boasts high institutional ownership at 89.11%, with major funds increasing their positions. Analysts hold a mixed view, with a consensus "Hold" rating and an average price target of $17.00, matching the stock's current trading price.
Argentina River Auction Draws Fire From U.S. Dredger Over ‘Cooked’ Tender
A U.S. dredging company, Great Lakes Dredge & Dock Co., is criticizing the bid terms for Argentina's concession to deepen the Paraná River, claiming they unfairly favor a consortium with past ties to China, led by Jan de Nul NV. Great Lakes, partnering with DEME, argues that the tender conditions are designed to benefit the incumbent, citing an unprecedented price floor and a stringent 250km dredging experience requirement. Argentina's oversight agency denies any formal complaints from Great Lakes and defends the transparency and robustness of the bidding process.
[15-12G] Great Lakes Dredge & Dock CORP SEC Filing
This article details Great Lakes Dredge & Dock Corporation's SEC filing on Form 15-12G, indicating the termination of registration under Section 12(g) of the Securities Exchange Act of 1934 or suspension of duties to file reports under Sections 13 and 15(d). The filing was made on April 13, 2026, and signed by Vivienne R. Schiffer, Senior Vice President, Chief Legal Officer, Chief Compliance Officer, and Corporate Secretary. The company is delisting its common stock due to having only one holder of record.
Milei’s auction favours group with past China ties, US dredger warns
A US dredging company, Great Lakes Dredge & Dock Co, warns that the bid terms for President Javier Milei’s significant Paraná River concession in Argentina are unfairly biased towards a consortium with historical links to China. Great Lakes, partnered with Belgium's DEME, alleges the terms are designed to favor Jan de Nul NV, also from Belgium, which has a long history dredging the Paraná and whose bidding partner, Servimagnus SA, previously worked with a Chinese state-run firm. Despite official Chinese exclusion from the bid, the US company suspects a "shell game" is in play, benefiting the incumbent group.
Tudor Investment Corp ET AL Sells 101,818 Shares of Great Lakes Dredge & Dock Corporation $GLDD
Tudor Investment Corp ET AL reduced its stake in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 26.2%, selling 101,818 shares and retaining 286,118 shares valued at approximately $3.43 million. Other institutional investors like MAI Capital Management and State of Wyoming increased their holdings in GLDD. The company recently exceeded quarterly earnings expectations, and analysts maintain a consensus "Hold" rating with an average price target of $17.00.
GLDD Should I Buy
JPMorgan analyst Tomohiko Sano has downgraded Great Lakes Dredge & Dock (GLDD) to Underweight from Neutral, maintaining a $17 price target. This downgrade is attributed to comparatively lower near-term upside versus peers, rather than a negative long-term outlook, especially given the expected Saltchuk Resources acquisition. Previously, Sano downgraded GLDD to Neutral from Overweight with a $17 price target after the company announced its definitive agreement to be acquired by Saltchuk Resources for $17 per share in cash.
Great Lakes Dredge & Dock (GLDD) Ascends While Market Falls: Some Facts to Note
This article analyzes Great Lakes Dredge & Dock (GLDD) stock performance in relation to the broader market decline. It aims to highlight key factors contributing to GLDD's upward movement despite a general market downturn.
Dimensional Fund Advisors reports 3.39M‑share stake in Great Lakes Dredge & Dock (GLDD)
Dimensional Fund Advisors has reported a beneficial ownership of 3,386,372 shares, or 5.1%, in Great Lakes Dredge & Dock (GLDD) through client funds. While Dimensional holds sole voting power for 3,347,197 shares and sole dispositive power for all 3,386,372 shares, they disclaim beneficial ownership as the shares are owned by client funds and no single fund exceeds 5% individually. This filing is an amendment to a previous Schedule 13G, indicating a passive investment.
Allspring Global Investments Holdings LLC Sells 63,271 Shares of Great Lakes Dredge & Dock Corporation $GLDD
Allspring Global Investments Holdings LLC reduced its stake in Great Lakes Dredge & Dock Corporation by 12.8% in the fourth quarter, selling over 63,000 shares and retaining a holding valued at $5.712 million. Despite this sale, institutional ownership remains high at 89.11%, with other funds adjusting their positions. The company reported strong Q4 earnings, surpassing estimates, and analysts currently rate the stock as a "Hold" with an average target price of $17.00.
Saltchuk Resources and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources and Great Lakes Dredge & Dock Corporation announced the early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror accepted all notes tendered by the March 31, 2026, Early Tender Deadline, and the requisite consents for proposed amendments to the indenture were received. The Tender Offer and Consent Solicitation are set to expire on April 15, 2026.
Saltchuk welcomes Great Lakes Dredge & Dock
Saltchuk has acquired Great Lakes Dredge & Dock Corporation for $17.00 per share in cash, representing an enterprise value of approximately $1.5 billion. Great Lakes will operate as a stand-alone business unit within Saltchuk, adding dredging services to its diverse portfolio of freight transportation, marine services, and energy distribution companies. This acquisition expands Saltchuk's team to nearly 10,000 members and aims to support Great Lakes' future growth.
Great Lakes Dredge & Dock Corporation(NasdaqGM:GLDD) dropped from Russell 2000 Index
Great Lakes Dredge & Dock Corporation (NasdaqGM:GLDD) has been removed from the Russell 2000 Index. This change was announced on April 5, 2026, and also applies to several other Russell indices, including the Russell 3000E Index and Russell Microcap Value Index. The company operates as a provider of dredging services and is involved in offshore wind energy development.
Great Lakes Dredge & Dock Corporation(NasdaqGM:GLDD) dropped from Russell 2000 Value-Dynamic Index
Great Lakes Dredge & Dock Corporation (NasdaqGM:GLDD) has been removed from the Russell 2000 Value-Dynamic Index, as announced on April 5, 2026. This publicly traded company specializes in dredging services and offshore wind energy development, utilizing various types of dredging equipment to maintain waterways and protect coastlines. The specific reasons for its removal from the index were not detailed in this report, but similar announcements were made for several other Russell indices on the same date.
GLDD Should I Buy
This article analyzes Great Lakes Dredge & Dock Corp (GLDD.O) focusing on analyst ratings and future outlook. JPMorgan analysts have downgraded GLDD to Underweight and then Neutral, both with a $17 price target, due to the impending acquisition by Saltchuk Resources limiting near-term upside compared to peers and increased certainty of the deal completion. The firm anticipates a fall in the stock price according to one analyst's forecast.
Saltchuk Takeover Reshapes Great Lakes Dredge Governance And Capital Structure
Saltchuk Resources has acquired Great Lakes Dredge & Dock (GLDD) for $1.5 billion, taking the company private and delisting it from Nasdaq. This acquisition significantly alters GLDD's corporate governance, capital structure, and information reporting, including new board members and changes to credit facilities and outstanding bonds. The deal aims for a cleaner balance sheet and tighter control under Saltchuk, with implications for bondholders and a focus on long-term cash generation and contract quality while maintaining exposure to government and LNG projects.
Great Lakes Dredge & Dock (NASDAQ:GLDD) Stock Rating Upgraded by Wall Street Zen
Wall Street Zen has upgraded Great Lakes Dredge & Dock (NASDAQ:GLDD) to a "strong-buy" rating, though the consensus remains a "Hold" with an average price target of $17.00. The company recently surpassed quarterly earnings expectations with an EPS of $0.30 and revenue of $256.45 million, and it trades near $17.00 with a market cap of $1.14 billion. Institutional ownership is notably high at 89.11%, with significant stake increases from hedge funds like Millennium Management and Goldman Sachs.
Saltchuk Takeover Reshapes Great Lakes Dredge Governance And Capital Structure
Saltchuk Resources has finalized its US$1.5 billion acquisition of Great Lakes Dredge & Dock (NasdaqGS:GLDD), taking the company private. This acquisition involves significant changes to GLDD's governance and capital structure, including board turnover, new bylaws, and the termination of prior credit facilities, along with actions related to existing bonds. For former public shareholders, the deal involved a cash offer at a premium, while bondholders will see changes in covenants and capital allocation priorities under Saltchuk's control.
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation announced the early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror accepted all notes tendered by the Early Tender Deadline of March 31, 2026, and received the requisite consents to implement proposed amendments to the indenture. The tender offer and consent solicitation are set to expire on April 15, 2026.
Great Lakes Dredge & Dock Corporation (GLDD) Reaches 52-Week Peak—Will the Momentum Last?
Great Lakes Dredge & Dock Corporation (GLDD) recently hit a new 52-week high of $17.02, with its stock climbing 29.6% year-to-date, outperforming its sector and industry. This strong performance is attributed to consistent earnings beats, robust future growth projections, and a favorable Zacks Rank of #2 (Buy). While valuation metrics show it's trading below industry averages, its PEG ratio suggests it's not a top value stock, but analysts see continued upside potential.
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation announced the early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror accepted for purchase all Notes tendered by the Early Tender Deadline of March 31, 2026, and the requisite consents for proposed amendments to the indenture were received. The Tender Offer and Consent Solicitation will expire on April 15, 2026.
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation announced early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror confirmed its acceptance for purchase of all notes tendered by the early deadline of March 31, 2026, and the requisite consents were received to amend the indenture. This announcement follows the consummation of Saltchuk's acquisition of Great Lakes Dredge & Dock Corporation.
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation announced the early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror accepted for purchase all notes tendered before the early tender deadline, and the necessary consents for proposed amendments to the indenture were received. The companies also confirmed the consummation of Saltchuk's acquisition of Great Lakes Dredge & Dock Corporation.
Great Lakes Dredge & Dock Corporation (GLDD) Hit a 52 Week High, Can the Run Continue?
Great Lakes Dredge & Dock (GLDD) recently reached a 52-week high of $17.02, with its stock up 29.6% year-to-date, outperforming its sector and industry. This strong performance is driven by positive earnings surprises and a favorable Zacks Rank of #2 (Buy), suggesting potential for further gains. The company's valuation metrics, including a Value Score of B and a VGM Score of B, also indicate a solid investment outlook.
Saltchuk Welcomes Great Lakes Dredge & Dock to its Family of Companies
Saltchuk Resources, Inc. has acquired Great Lakes Dredge & Dock Corporation for $17.00 per share in cash, with an enterprise value of approximately $1.5 billion. Great Lakes will operate as a wholly owned subsidiary, maintaining its independent leadership and expanding Saltchuk's portfolio with dredging services. Both companies emphasize a shared commitment to safety, community service, and continued growth in their respective industries.
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Early Results of Debt Tender Offer and Related Consent Solicitation
Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation announced the early results of a cash tender offer for GLDD's 5.25% Senior Notes due 2029 and a related consent solicitation. The Offeror accepted for purchase all notes tendered prior to the early tender deadline and secured the necessary consents for amendments, following the recently consummated acquisition of Great Lakes by Saltchuk. The tender offer and consent solicitation are set to expire on April 15, 2026.
Great Lakes Dredge & Dock (GLDD) SVP cashes out shares in $17 merger deal
Great Lakes Dredge & Dock (GLDD) SVP David Johanson exited his common stock position following the company's merger with Saltchuk Resources. His shares were converted into cash at $17.00 per share. Johanson's transactions included the vesting of performance-based restricted stock, an acquisition through an employee stock purchase plan, and the disposition of all common stock in a tender offer as part of the merger, resulting in zero direct common shares owned post-merger.
Director tenders 8,436 GLDD (NASDAQ: GLDD) shares at $17 cash in merger
Great Lakes Dredge & Dock Corporation director Dana A. Armstrong disposed of 8,436 shares of common stock in connection with the company's merger with Saltchuk Resources. Each outstanding GLDD share was converted into the right to receive $17.00 in cash, and Armstrong reported holding no direct GLDD shares after the transaction. This transaction occurred due to a corporate acquisition, not open-market trading.
Director exits Great Lakes Dredge & Dock (GLDD) as $17 cash merger closes
Great Lakes Dredge & Dock (GLDD) director Kathleen M. Shanahan has fully exited her equity position in the company following its cash merger with Saltchuk Resources. She disposed of 76,375 common shares at $17.00 per share and had 10,336 Deferred Stock Units cancelled and converted into cash at the same price. The merger, which was effective April 1, 2026, resulted in GLDD becoming a wholly-owned subsidiary of Saltchuk.
Great Lakes Dredge & Dock (GLDD) SVP equity cashed out in $17 merger
Great Lakes Dredge & Dock's SVP-Proj Svcs & Fleet Engineer, Christopher Gunsten, cashed out his equity holdings in connection with the company's $17-per-share merger with Saltchuk Resources. His performance-based restricted stock units fully vested, leading to the acquisition of 71,860 shares, which, along with his existing 182,496 shares, were disposed of at $17.00 per share in cash. Following these transactions, Gunsten no longer directly holds common stock in Great Lakes Dredge & Dock, with some RSUs cashed out and others converted into cash-based awards with original vesting conditions.
Saltchuk closes $1.5 billion Great Lakes Dredge & Dock acquisition
Saltchuk Resources Inc. has finalized its acquisition of Great Lakes Dredge & Dock Corp. for approximately $1.5 billion, making the latter a wholly-owned subsidiary operating under its current leadership. This expansion diversifies Saltchuk's portfolio in freight transportation, marine services, and energy distribution. The deal, which saw about 79.88% of Great Lakes' stock tendered, will see Great Lakes delisted from Nasdaq and aims to support its leadership in dredging and offshore energy sectors.
