Great Lakes Dredge & Dock Corporation (GLDD) has been acquired by Saltchuk Resources, Inc. through a tender offer and subsequent merger. The tender offer for common stock, which expired on March 31, 2026, saw 53,738,558 shares validly tendered, representing approximately 79.88% of outstanding shares. On April 1, 2026, Merger Sub, a wholly-owned subsidiary of Saltchuk, accepted all tendered shares for $17.00 per share in cash. The merger was completed without a stockholder vote under Section 251(h) of the General Corporation Law of the State of Delaware (DGCL), making GLDD a wholly-owned subsidiary of Saltchuk. All remaining outstanding shares were cancelled and converted into the right to receive $17.00 per share in cash. Outstanding restricted stock unit awards (time-based and performance-based) and deferred stock units were fully vested and converted into cash payments based on the $17.00 offer price, with some time-based awards granted after the merger agreement date being pro-rated and replaced by cash-based awards. The company's 5.25% Senior Notes due 2029 were subject to a separate tender offer and consent solicitation, with $258,134,000 aggregate principal amount of notes tendered by the early deadline of March 31, 2026. A Supplemental Indenture was executed on April 1, 2026, eliminating substantially all restrictive covenants, certain events of default, and modifying redemption notice requirements for the Notes. All outstanding borrowings under the company's Second Amended and Restated Revolving Credit and Security Agreement were repaid, and the agreement was terminated. GLDD shares were delisted from Nasdaq, and the company intends to terminate its SEC registration and reporting obligations.