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Saltchuk Resources to acquire Great Lakes Dredge and Dock for $1.5b
Saltchuk Resources has agreed to acquire Great Lakes Dredge and Dock for $1.5 billion in an all-cash deal, with an aggregate equity value of approximately $1.2 billion. Saltchuk will launch a tender offer to acquire all outstanding shares for $17 per share, representing a 25% premium. Both boards have approved the transaction, which is expected to close in the second quarter of 2026, with Great Lakes operating as a standalone business within Saltchuk.