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 (NASDAQ: GLDD) is widely described in its public disclosures as the largest provider of dredging services in the United States, with a long history of executing significant international projects. This news page compiles company announcements, project updates, and regulatory disclosures that illustrate how Great Lakes operates within the marine construction and site preparation sector.
Readers can find news about dredging contracts and awards, such as maintenance and coastal protection projects on major rivers, harbors, and coastlines. Recent releases describe awards for work on the Mississippi River, regional harbor dredging in the South Atlantic, maintenance dredging in Baltimore Harbor and channels, and beach renourishment and coastal protection projects in states including Florida, New York, Arkansas, Oklahoma, and Delaware. These items show how the company’s services support navigation, coastal resilience, and environmental restoration.
News coverage also includes financial and capital structure updates, including quarterly earnings releases, discussions of backlog, and information about credit facilities. For example, Great Lakes has reported amendments to its revolving credit facility, describing changes to borrowing capacity, maturity, and the use of proceeds to refinance other debt. These announcements provide context on the company’s balance sheet, liquidity, and access to capital.
Another recurring theme in GLDD news is the company’s Offshore Energy sector and subsea infrastructure activities. Releases highlight the development of the Acadia subsea rock installation vessel, its expected use on offshore wind projects, and the broader strategy to serve subsea cable and pipeline protection markets. Collaborations with partners, such as arrangements to provide dredging services for potential offshore mineral projects, are also covered.
By following this news feed, investors and observers can monitor Great Lakes Dredge & Dock’s project pipeline, contract awards, offshore energy initiatives, and key financial disclosures over time.
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.
Summary not available.
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.
Summary not available.
Summary not available.
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.
Summary not available.
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.