Welcome to our dedicated page for Great Lakes Dredge & Dock news (Ticker: GLDD), a resource for investors and traders seeking the latest updates and insights on Great Lakes Dredge & Dock stock.
Great Lakes Dredge & Dock Corporation is a dredging-services company that became a wholly owned subsidiary of Saltchuk Resources after a completed cash acquisition in 2026. News about GLDD centers on the completed tender offer and merger, the end of Nasdaq trading in its common stock, delisting and deregistration steps, and debt tender-offer and consent-solicitation activity tied to its senior notes.
Coverage also includes transaction-related shareholder matters, material agreements, operating and financial results, capital-structure disclosures, and corporate governance updates.
Great Lakes Dredge & Dock (NASDAQ:GLDD) and Saltchuk Resources announced early results of a cash tender offer and consent solicitation for GLDD’s 5.25% Senior Notes due 2029.
As of the March 31, 2026 early deadline, $258,134,000 of $325,000,000 outstanding was validly tendered; total consideration equaled $1,001.25 per $1,000.
Saltchuk completed acquisition of Great Lakes Dredge & Dock (GLDD) effective April 1, 2026, for $17.00 per share in cash and an enterprise value of approximately $1.5 billion. Great Lakes becomes a wholly owned, stand-alone Saltchuk subsidiary and will be delisted and deregistered from NASDAQ.
Approximately 79.88% of shares were validly tendered; additional details on a related debt tender offer will follow.
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Great Lakes Dredge & Dock (NASDAQ:GLDD) and Saltchuk Resources announced a cash tender offer and consent solicitation for GLDD’s 5.25% Senior Notes due 2029 ($325,000,000 outstanding).
Terms: Tender Offer Consideration $971.25, Early Tender Payment $30.00, Total $1,001.25 per $1,000. Early Tender Deadline: March 31, 2026; Expiration: April 15, 2026. The offer is conditioned on closing a pending acquisition (Equity Offer at $17.00 per share) expected to close early Q2 2026 and financing via new senior credit facilities or a bridge facility.
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Saltchuk Resources (private) and Great Lakes Dredge & Dock (NASDAQ:GLDD) announced that Saltchuk’s subsidiary commenced a tender offer to buy all outstanding GLDD shares for $17.00 per share in cash.
The offer opened March 4, 2026 and expires at one minute after 11:59 p.m. New York City time on March 31, 2026, subject to a minimum tender and customary closing conditions. If completed, GLDD will merge into the purchaser and become privately owned by Saltchuk.
Great Lakes Dredge & Dock (Nasdaq: GLDD) reported record 2025 results with revenue $888.3M, adjusted EBITDA $171.3M and full-year net income of $73.5M. Backlog was $888.1M at year-end and the company signed two international offshore energy contracts keeping the Acadia busy in Europe in 2027. Great Lakes also disclosed a definitive agreement for Saltchuk to acquire the company, expected to close in Q2 2026 pending customary conditions.
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Great Lakes Dredge & Dock (NASDAQ: GLDD) agreed to be acquired by Saltchuk for $17.00 per share in an all-cash transaction valued at approximately $1.5 billion total and $1.2 billion equity. The deal, unanimously approved by both boards, represents a 25% premium to the 90-day VWAP and is expected to close in Q2 2026, subject to HSR clearance and a majority tender; Great Lakes common stock will be delisted and the company will operate as a standalone within Saltchuk. Financing is fully committed and the transaction is not subject to a financing condition.