The board of North Dakota-based MDU Resources Group closed May with a distribution of Knife River Holding Co. shares, finalizing a 10-month spinoff process of the concrete, aggregate, cement distribution and construction business from the utilities operator flagship. MDU Resources and Knife River are now independent, New York Stock Exchange-traded companies with distinct investment identities, business operations, customers and geographic…
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MDU Resources to close May with Knife River business separation
Source: MDU Resources Group Inc., Bismarck, N.D. The MDU Resources board has scheduled a May 31 distribution of Knife River Holding Co. shares, finalizing a 10-month spinoff process of the concrete, aggregate, cement distribution and construction business from the utilities operator flagship. MDU Resources and Knife River will be independent, New York Stock Exchange-traded companies with distinct investment identities, business…
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