Great Lakes Dredge & Dock CORP 8-K
Research Summary
AI-generated summary
Great Lakes Dredge & Dock Corp Agrees to Be Acquired by Saltchuk
What Happened
Great Lakes Dredge & Dock Corporation (GLDD) filed an 8-K on Feb. 12, 2026 reporting that on Feb. 10, 2026 it entered into a definitive agreement to be acquired by Saltchuk Resources, Inc. The deal values GLDD at approximately $1.2 billion of aggregate equity value and about $1.5 billion total transaction value. Because of the pending acquisition, the company canceled its previously announced earnings call scheduled for Feb. 17, 2026. GLDD says it expects to release financial results for the three and twelve months ended Dec. 31, 2025 in due course in connection with filing its Annual Report.
Key Details
- Filing: Form 8-K filed Feb. 12, 2026 (reports Other Events, Item 8.01).
- Buyer: Saltchuk Resources, Inc.; Definitive agreement signed Feb. 10, 2026.
- Valuation: ~ $1.2 billion aggregate equity value; ~ $1.5 billion total transaction value.
- Earnings/Reporting: Feb. 17, 2026 earnings call canceled; GAAP results for Q4 and FY 2025 will be released later with the Annual Report.
Why It Matters
This is a material corporate transaction that will change GLDD’s ownership and could affect liquidity, governance, and strategic direction. Investors should note the deal valuation and the timing change for Q4/annual financial disclosures—financial results will be released with the Annual Report rather than via the previously planned call. Shareholders and prospective investors should watch for the company's forthcoming filings (including the Annual Report) and any additional details about transaction terms, approvals, and timing.