Johnson Fistel Investigates Great Lakes Dredge & Dock (GLDD) in Connection with Proposed Sale to Saltchuk Resources

SAN DIEGO, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) breached their fiduciary duties in connection with the proposed sale of the Company to privately owned Saltchuk Resources, Inc.

If you own Great Lakes shares and believe this proposed transaction undervalues your investment, please consider joining our investigation. To participate or learn more, you can click or copy and paste the following link:
https://www.johnsonfistel.com/investigations/great-lakes-dredge-dock-corporation/

Shareholders seeking more information may also contact lead analyst Jim Baker at jimb@johnsonfistel.com or 619-814-4471. If emailing, please include your phone number.

Background

On February 11, 2026, Great Lakes announced that it had entered into a definitive merger agreement with Saltchuk Resources, Inc., pursuant to which Great Lakes stockholders are expected to receive $17.00 per share in cash. Johnson Fistel is investigating whether the proposed transaction adequately reflects the Company’s intrinsic value and whether the Board conducted a process designed to maximize shareholder value.

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In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. This recognition reflects the firm’s effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where it served as lead or co-lead counsel. This marks the eighth time the firm has been recognized as a top plaintiffs’ securities law firm in the United States, based on the total dollar value of final recoveries.

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Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | jimb@johnsonfistel.com | fjohnson@johnsonfistel.com

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