Category: Great Lakes Dredge and Dock
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Saltchuk to acquire GLDD in $1.5 billion all-cash transaction
Saltchuk to acquire GLDD in $1.5 billion all-cash transaction Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) says that it and privately-owned,Saltchuk Resources, Inc. have reached a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion. Under the terms…
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GLDD posts strong first quarter results
GLDD posts strong first quarter results Houston-headquartered Great Lakes Dredge & Dock Company [Nasdaq: GLDD] today reported financial results for the first quarter ended March 31, 2025. “Great Lakes had a great first quarter, with strong project performance and high utilization as all of our active dredges were operational,” said GLDD president and CEO Lasse…