GLDD to Repurchase Common Stock
Great Lakes Dredge & Dock Corporation’s Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $15 million of its common stock.
Under the authorization, the Company may purchase common stock from time to time in the open market or in privately negotiated transactions.
The amount and timing of any purchases will depend upon a number of factors, including the price and availability of the Company’s shares, trading volume and general market conditions.
As of July 31, 2015, the Company had 60,521,274 shares of common stock outstanding.