Arbitrage opportunities may exist if shares trade below $17, though closing risks (regulatory, financing) remain.
Price Chart
Executive Summary
Saltchuk Resources has commenced a tender offer to acquire all outstanding shares of Great Lakes Dredge & Dock Corporation (GLDD) for $17.00 per share in cash, valuing the deal at approximately $1.1 billion based on GLDD's market cap. The GLDD Board of Directors has unanimously approved the transaction and recommends shareholders tender their shares. If completed, GLDD will become a privately held subsidiary of Saltchuk and cease to be publicly traded.
Key Financial Metrics
Key Facts
- Saltchuk is offering $17.00 per share in cash for GLDD, representing a full acquisition.
- The tender offer began on March 4, 2026, and is set to expire on March 31, 2026, unless extended.
- GLDD’s Board has unanimously approved the Merger Agreement and recommends shareholder approval.
- Upon completion, GLDD will be taken private and delisted from Nasdaq.
- The deal is subject to customary conditions, including minimum tender and regulatory approvals.
Financial Impact
$1.1 billion total equity value based on current market cap; $17.00 per share represents a definitive cash premium for shareholders.
Risk Factors
- The deal is subject to regulatory approvals and a minimum tender condition, which could delay or prevent closing.
- Competing bids or legal challenges could emerge, potentially altering the outcome.
- Forward-looking statements caution that actual results may differ due to integration, operational, or macroeconomic risks.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249273 |
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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