# Great Lakes Dredge & Dock CORP (GLDD) — merger [completed]
Source: SEC API (secapi.ai) · situation sit_a53b3e907119cb4cad1d · retrieved 2026-08-11T16:15:11.209Z

## Overview
Great Lakes Dredge & Dock Corporation is a heavy construction contractor specializing in dredging services, including offshore energy projects and government-funded dredging work, operating in a capital-intensive, highly regulated industry subject to the Jones Act and Foreign Dredge Act.

Saltchuk Resources, Inc. (through its subsidiary Huron MergeCo., Inc.) launched a tender offer to acquire all outstanding shares of Great Lakes Dredge & Dock Corporation for $17.00 per share in cash. The offer, dated March 4, 2026, is expected to expire at 11:59 p.m. New York City time on March 31, 2026 (20 business days from commencement). Following acceptance of tendered shares, Huron MergeCo. will merge with and into GLDD under Section 251(h) of the Delaware General Corporation Law, with GLDD continuing as the surviving corporation and a wholly owned subsidiary of Saltchuk. The transaction is not subject to a financing condition, and Saltchuk has represented it will have sufficient cash at closing.

## Terms
- Counterparty: Saltchuk Resources, Inc. · Consideration: cash · Premium: 25.0% · Price/share: $17

## Key dates
- Expiry 2026-03-31

## Timeline
- 2026-03-04 · SC 14D9 (0001193125-26-091845): SC 14D9 - Great Lakes Dredge & Dock CORP — *Great Lakes Dredge & Dock Corporation is a heavy construction contractor specializing in dredging services, including offshore energy projects and government-funded dredging work, operating in a capital-intensive, highly regulated industry subject to the Jones Act and Foreign Dredge Act.* Saltchuk Resources, Inc. (through its subsidiary Huron MergeCo., Inc.) launched a tender offer to acquire all outstanding shares of Great Lakes Dredge & Dock Corporation for $17.00 per share in cash. The offer, dated March 4, 2026, is expected to expire at 11:59 p.m. New York City time on March 31, 2026 (20 business days from commencement). Following acceptance of tendered shares, Huron MergeCo. will merge with and into GLDD under Section 251(h) of the Delaware General Corporation Law, with GLDD continuing as the surviving corporation and a wholly owned subsidiary of Saltchuk. The transaction is not subject to a financing condition, and Saltchuk has represented it will have sufficient cash at closing.
  https://www.sec.gov/Archives/edgar/data/1372020/0001193125-26-091845.txt

## Citations
- 0001193125-26-091845 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526091845