Traders should close long or short positions as GLDD is no longer publicly traded. The acquisition removes a pure-play U.S. dredging company from the public markets. Monitor Saltchuk’s future disclosures on debt tender activity, which may signal leverage risk.
Price Chart
Executive Summary
Great Lakes Dredge & Dock Corporation (GLDD) has been acquired by private company Saltchuk Resources for $17.00 per share in cash, resulting in a $1.5 billion enterprise value. The deal closed on April 1, 2026, following a tender offer that secured ~79.88% of shares, and GLDD stock will be delisted from Nasdaq. The company will operate as a standalone unit under Saltchuk.
Key Financial Metrics
Key Facts
- Saltchuk Resources acquired Great Lakes Dredge & Dock for $17.00 per share in cash.
- Enterprise value of the transaction is approximately $1.5 billion.
- Tender offer expired March 31, 2026, with ~79.88% of shares tendered (53.7 million shares).
- GLDD stock ceased trading and will be delisted from Nasdaq effective April 1, 2026.
- Great Lakes will operate as a standalone business unit under Saltchuk with existing leadership.
Financial Impact
$1.5 billion enterprise value, $17.00 per share cash consideration
Risk Factors
- Potential increase in leverage for Saltchuk due to cash-financed acquisition.
- Integration risk despite standalone structure, particularly in capital allocation and strategic focus.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3266632 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 13, 2026 28w ago | 15-12G | — | awaiting T+20 | — | — |
Apr 3, 2026 29w ago | EFFECT | $17.01 | awaiting T+20 | — | — |
Apr 1, 2026 29w ago | 25-NSE | $17.00 | awaiting T+20 | — | — |
Apr 1, 2026 29w ago | Press Release | $17.00 | awaiting T+20 | — | — |
Apr 1, 2026 29w ago | Press Release | $17.00 | awaiting T+20 | — | — |
Mar 18, 2026 31w ago | Press Release | $16.93 | awaiting T+20 | — | — |
Mar 4, 2026 33w ago | Press Release | $16.95 $17.00 | ▲ +0.29% | ▲ +4.71% | — |
US Market Status
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