CJS Securities analyst Jonathan Tanwanteng downgraded Great Lakes Dredge (GLDD) to Market Perform from Outperform after the company announced a definitive agreement to be acquired by Saltchuk Resources for $17 per share in cash.
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Read More on GLDD:
- Great Lakes Dredge downgraded to Neutral from Overweight at JPMorgan
- Saltchuk, Great Lakes Dredge announce commencement of tender offer
- Great Lakes Dredge reports FY25 adjusted EPS $1.20, consensus $1.09
- GLDD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Great Lakes Dredge & Dock to Be Acquired by Saltchuk