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Article: Great Lakes Dredge & Dock Corporation Announces Secondary Equity Offering.
- Article from:
- Business Wire
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OAK BROOK, Ill. -- Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) ("Great Lakes" or the "Company") today 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. The offering is being conducted as a public offering pursuant to an effective shelf registration statement under the Securities Act of 1933. 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 and BofA Merrill Lynch, as joint ...