Great Lakes Dredge & Dock to Be Acquired by Saltchuk in $1.2 Billion Deal
Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) agreed to be acquired by Saltchuk Resources in a transaction valuing the dredging firm at about $1.2 billion. Saltchuk will initiate a cash tender offer of $17.00 per Great Lakes share, a premium to recent trading levels and to the company's record closing price. The boards of both companies unan…