NasdaqGS:GLDDConstruction
Saltchuk Takeover Reshapes Great Lakes Dredge Governance And Capital Structure
Saltchuk Resources has completed its US$1.5b acquisition of Great Lakes Dredge & Dock (NasdaqGS:GLDD), taking the company private.
Great Lakes Dredge & Dock is now a wholly owned subsidiary, with its Nasdaq listing terminated and its corporate governance structure overhauled.
The deal includes board turnover, amended bylaws, satisfaction and termination of prior credit facilities, and new actions related to the company’s outstanding bonds.
Great Lakes Dredge & Dock focuses on dredging and...