Saltchuk Resources has officially commenced its cash tender offer to acquire all outstanding shares of Great Lakes Dredge & Dock Corporation (GLDD). The offer is priced at $17.00 per share in cash and is being executed through Saltchuk's subsidiary, Huron MergeCo., Inc. This formal move follows the definitive merger agreement previously signed by both companies on February 10, 2026. The commencement of the offer marks a significant milestone in the acquisition process, providing a clear valuation floor for GLDD shareholders. Market analysts expect the stock to trade closely to the offer price as the transaction moves toward completion. This acquisition aligns with Saltchuk’s strategic goals to strengthen its presence within the maritime and infrastructure sectors.
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