Great Lakes Dredge & Dock Corporation Announces $100 Million Secondary Offering.OAK BROOK, Ill. -- Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). Dredge & Dock Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GLDD GLDD Great Lakes Dredge Dock and GLDDW) ("Great Lakes" or the "Company") today announced a $100 million secondary offering of shares of its common stock by certain selling stockholders, pursuant to a registration statement filed with the Securities and Exchange Commission. The selling stockholders include Madison Dearborn Madison Dearborn Partners (MDP) is a private equity firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth Capital Partners IV, L.P. Great Lakes will not receive any proceeds from the sale of the shares but will pay the expenses of the offering. A registration statement relating to the securities described above has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. led by Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Lehman Brothers Inc. as joint book-running managers for the offering. A copy of the prospectus relating to the shares, when available, may be obtained from Banc of America Securities LLC, Attention: Prospectus Department, Markets Operations, 100 West 33rd Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10001, or by email to dg.prospectus_distribution@bofasecurities.com or from Lehman Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at giana.smith@broadridge.com or by fax at (613) 254-7268. About Great Lakes Dredge & Dock Corporation Great Lakes is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations, averaging 18% of its dredging revenues over the last three years. Great Lakes also owns an 85% interest in North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Site Developers, Inc., one of the largest U.S. providers of commercial and industrial demolition services. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction. (GLDD-G) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion