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BRIEF-Great Lakes says entered agreement with Privet Fund LP and Privet Fund Management LLC
December 30, 2016 / 10:59 PM / 7 months ago

BRIEF-Great Lakes says entered agreement with Privet Fund LP and Privet Fund Management LLC

2 Min Read

Dec 30 (Reuters) - Great Lakes Dredge & Dock Corp

* Great Lakes Dredge & Dock Corp - entered into an agreement with Privet Fund LP and Privet Fund Management LLC

* Pursuant to agreement, co agreed to increase size of its board from seven to eight members

* Great Lakes Dredge & Dock - agreed to appoint Ryan Levenson to fill vacancy on board with his term expiring at 2017 annual meeting of shareholders

* Great Lakes Dredge & Dock Corp - on December 23, 2016 entered into an amendment of agreement with Eastern Shipbuilding Group

* Great Lakes Dredge & Dock - as per ESG agreement amendment, purchase price of dual mode articulated tug/barge trailing suction Hopper Dredge increased to $159 million

* Great Lakes Dredge & Dock - ESG agreement amendment also extends delivery date for dual mode articulated tug/barge trailing suction Hopper Dredge to Q2 2017

* Great Lakes Dredge & Dock - Privet Group is the beneficial owner of approximately 5.2 pct of the company's outstanding shares of common stock

* Great Lakes Dredge & Dock - agreement with Eastern Shipbuilding Group is for construction of dual mode articulated tug/barge trailing suction Hopper Dredge Source text: (bit.ly/2imFBUG) Further company coverage:

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