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Globe Newswire 11-Feb-2026 9:57 AM
MONSEY, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Great Lakes Dredge & Dock (NASDAQ:GLDD) ("GLDD") for $17.00 per share in cash to Saltchuk Resources.
The sale price is below the price target of $20.00 per share for GLDD set by Tomohiko Sano of J.P. Morgan on January 22, 2026.
Additionally, several investors have expressed disappointment in the deal on SeekingAlpha.
If you remain a GLDD shareholder and have concerns about the fairness of the sale price, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/great-lakes-dredge-dock/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
"We are investigating whether the GLDD board of directors acted in the best interests of GLDD shareholders in recommending the sale," explained Joshua Fruchter, a founding partner of Wohl & Fruchter. "This includes whether the sale price is fair to GLDD shareholders, and whether all material information regarding the transaction has been fully disclosed, including all conflicts."
About Wohl & Fruchter
Wohl & Fruchter LLP has for over a decade been representing investors in litigation arising from fraud and other corporate misconduct, and recovered hundreds of millions of dollars in damages for investors. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
Contact:
Wohl & Fruchter LLP
Joshua E. Fruchter
Toll Free 866.833.6245
alerts@wohlfruchter.com
www.wohlfruchter.com
