Key Developments For Great Lakes Dredge & Dock Corporation
Great Lakes Dredge & Dock Corporation (GLDD.O) (Consolidated Issue listed on NASDAQ Global Market)
Great Lakes Dredge & Dock Corporation Reaffirms FY 2009 EBITDA Guidance-Conference Call
Great Lakes Dredge & Dock Corporation reaffirmed fiscal 2009 guidance and expects EBITDA guidance of $80-$85 million.
Great Lakes Dredge & Dock Corporation Declares Quarterly Cash Dividend
Great Lakes Dredge & Dock Corporation announced that its Board of Directors has declared a quarterly cash dividend on its common stock. The Board approved a $0.017 per share cash dividend, to be paid on September 18, 2009 to the holders of record of common stock of the Company at the close of business on September 11, 2009.
Great Lakes Dredge & Dock Corporation Prices Secondary Offering of Common Stock
Great Lakes Dredge & Dock announced the pricing of its previously announced secondary offering of approximately 12.5 million shares of its common stock at a price to the public of $5.75 per share. The selling stockholders include Madison Dearborn Capital Partners IV, L.P., which has also granted the underwriters a 30 day option to purchase up to an additional approximately 1.9 million shares at the secondary offering price to cover over-allotments, if any. The offering is being conducted as a public offering. The offering is expected to close on August 19, 2009. The offering is being made through an underwriting syndicate led by Barclays Capital and BofA Merrill Lynch, as joint book running managers for the offering.
Great Lakes Dredge & Dock Corporation Announces Secondary Equity Offering
Great Lakes Dredge & Dock Corporation announced a 12.5 million share secondary offering of its common stock by certain selling stockholders. The selling stockholders include Madison Dearborn 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. The offering is being made through an underwriting syndicate led by Barclays Capital.
Great Lakes Dredge & Dock Corporation Issues FY 2009 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Great Lakes Dredge & Dock Corporation announced that for fiscal 2009, it expects EBITDA to be in the range between $80 million and $85 million. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $84 million for fiscal 2009.
