Saltchuk Resources Inc. has entered into a definitive agreement to acquire Great Lakes Dredge & Dock Corp. (GLDD) for approximately $1.5 billion in an all-cash transaction. The deal is priced at $17.00 per share, offering a significant premium to shareholders of the largest dredging contractor in the United States. This strategic acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. Following the merger, GLDD will operate as a standalone business unit under the Saltchuk umbrella, allowing the parent company to expand its maritime and freight transportation portfolio. The move underscores Saltchuk's commitment to strengthening its presence in critical maritime infrastructure and specialized logistics through the addition of a market leader.
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