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Saltchuk Resources, Inc. and Great Lakes Dredge & Dock Corporation Announce Tender Offer for Any and All 5.25% Senior Notes due 2029 of Great Lakes Dredge
/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Great Lakes Dredge & Dock Corporation (NasdaqGS: GLDD) to Saltchuk Resources, Inc. Under the terms of the proposed transaction, shareholders of Great Lakes will receive $17.00 in cash for each share of Great Lakes that they own. KSF is seeking to determine whether this consideration and the.
SAN DIEGO, March 13, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) breached their fiduciary duties in connection with the proposed sale of the Company to privately owned Saltchuk Resources, Inc.
SEATTLE and HOUSTON, March 04, 2026 (GLOBE NEWSWIRE) -- Saltchuk Resources, Inc. (“Saltchuk”) and Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) (“GLDD”) announced that on March 4, 2026, Saltchuk's wholly-owned subsidiary, Huron MergeCo., Inc. (“Purchaser”), commenced its tender offer (the “Offer”) for all issued and outstanding shares of common stock of GLDD (“Shares”) at a price of $17.00 per Share in cash, subject to any required tax withholdings and without interest (the “Offer Price”). The Offer is being made pursuant to the Agreement and Plan of Merger, dated as of February 10, 2026, by and among Saltchuk, Purchaser, and GLDD (the “Merger Agreement”), which Saltchuk and GLDD announced on February 11, 2026.
Great Lakes Dredge & Dock (GLDD) came out with quarterly earnings of $0.3 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.29 per share a year ago.
Record full year revenue of $888.3 million Full year net inc ome of $73.5 million (Adjusted net income of $81.6 mi llion) Record full year Adjusted EBITDA of $171.3 million HOUSTON, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the fourth quarter and year ended December 31, 2025 and the signing of two international offshore energy contracts. Fourth Quarter 2025 Highlights Revenue was $256.5 million Total operating income was $32.6 million Net income was $12.6 million Adjusted net income was $20.7 million Adjusted EBITDA was $44.0 million Full Year 2025 Highlights Revenue was $888.3 million Total operating income was $127.8 million Net income was $73.5 million Adjusted net income was $81.6 million Adjusted EBITDA was $171.3 million Backlog as of December 31, 2025 was $888.1 million Previously Announced Saltchuk Transaction On February 11, 2026, Great Lakes announced that it had entered into a definitive agreement for Saltchuk Resources, Inc. (“Saltchuk”) to acquire the Company.
GSA Capital Partners LLP cut its holdings in Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD) by 32.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,542 shares of the construction company's stock after selling 71,339 shares during
/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws
Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD - Get Free Report) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,079,026 shares, an increase of 22.8% from the January 15th total of 1,693,066 shares. Approximately 3.1% of the shares of the company are
/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws
Heading into the upcoming earnings cycle, the United States construction sector is at crossroads, with housing softness counterbalanced by resilient infrastructure and public works demand. On one side, elevated mortgage rates and affordability constraints continue to weigh on home order activity and volumes, while on the other side, strong public funding support and energy-transition opportunities are sailing the ship forward.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Great Lakes Dredge & Dock Corporation (NasdaqGS: GLDD) to Saltchuk Resources, Inc. Under the terms of the proposed transaction, shareholders of Great Lakes will receive $17.00 in cash for each share of Great Lakes that they own. KSF is seeking to determine whether this consideration and the proc.
Alps Advisors Inc. purchased a new position in shares of Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 37,750 shares of the construction company's stock, valued at approximately $453,000. Alps Advisors Inc. owned 0.06%
GLDD gears up for Q4 earnings as strong backlog and dredging demand lift revenues, but margins may feel pressure from dry-docking costs.
SAN DIEGO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) breached their fiduciary duties in connection with the proposed sale of the Company to privately owned Saltchuk Resources, Inc.
Great Lakes Dredge and Dock Corporation (NASDAQ: GLDD - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 7,147 call options on the company. This is an increase of 1,401% compared to the average daily volume of 476 call options. Insider Activity at Great Lakes Dredge and Dock In
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the sale of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) to Saltchuk Resources, Inc. for $17.00 per share in cash. Halper Sadeh encourages Great Lakes shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Great Lake.
NEW YORK, Feb. 11, 2026 /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD ) related to its sale to Saltchuk Resources, Inc. Under the terms of the proposed transaction, Great Lakes shareholders will receive $17.00 per share in cash.
Bala Cynwyd, Pennsylvania--(Newsfile Corp. - February 11, 2026) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Great Lakes Dredge & Dock Corporation ("Great Lakes" or the "Company") (NASDAQ: GLDD) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Saltchuk Resources for $17.00 per share in cash, an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion. The investigation concerns whether the Great Lakes Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders.