Sources: Knife River Corp., Bismarck, N.D.; CP staff Knife River Corp. has successfully completed a spinoff from longtime parent company, MDU Resources Group Inc., and announced a new name to replace an interim identity, Knife River Holding Co., adopted for a 10-month separation process. Against a backdrop of signature orange and KNF trading symbol, Knife River officials assembled above the…Read More
Tag: MDU Resources Group Inc.
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…Read More