Great Lakes Dredge & Dock Acquired by Saltchuk Resources; Shares Delisted from Nasdaq

summarizeSummary

Great Lakes Dredge & Dock Corporation announced the successful completion of its acquisition by Saltchuk Resources, Inc., with all tendered shares accepted at $17.00 each, leading to the company's delisting from Nasdaq.

check_boxKey Events

• Merger Completed

  Saltchuk Resources, Inc. successfully acquired Great Lakes Dredge & Dock Corporation, making it a wholly owned subsidiary.

• Tender Offer Closed

  The tender offer for $17.00 per share expired on March 31, 2026, with 79.88% of shares validly tendered and accepted for purchase.

• Delisting from Nasdaq

  Great Lakes Dredge & Dock common stock ceased trading and was delisted from the Nasdaq Stock Market on April 1, 2026.

• Cessation of Public Reporting

  The company will no longer have public reporting obligations under the Securities Exchange Act of 1934.

auto_awesomeAnalysis

This filing marks the definitive conclusion of the acquisition of Great Lakes Dredge & Dock Corporation by Saltchuk Resources, Inc. The tender offer for $17.00 per share has successfully closed, with approximately 79.88% of shares tendered. Following the merger, Great Lakes Dredge & Dock is now a wholly owned subsidiary of Saltchuk, and its common stock has ceased trading and been delisted from the Nasdaq Stock Market. This event fundamentally alters the investment thesis for GLDD shareholders, as the company no longer exists as an independent public entity. Investors should be aware that their shares have been converted into the right to receive cash, and the company will no longer have public reporting obligations.