Brief: MDU Resources Announces Plan To Separate Knife River

Mdu Resources

04/08/2022 12:48

Aug 4 (Reuters) - MDU Resources Group Inc  MDU.N :
    * MDU RESOURCES ANNOUNCES PLAN TO SEPARATE KNIFE RIVER,
CREATING
TWO FOCUSED, INDEPENDENT PUBLICLY TRADED COMPANIES
    * MDU RESOURCES GROUP - ESTABLISHES KNIFE RIVER AS A
STAND-ALONE,
AGGREGATES-BASED, VERTICALLY INTEGRATED CONSTRUCTION MATERIALS
AND CONTRACTING PROVIDER
    * MDU RESOURCES - EXPECTED CO'S SHAREHOLDERS WILL RETAIN
THEIR
CURRENT SHARES OF CO STOCK AND GET A PRO RATA DISTRIBUTION OF
SHARES OF KNIFE RIVER STOCK
    * MDU RESOURCES GROUP INC - ACTUAL NUMBER OF SHARES TO BE
DISTRIBUTED TO MDU RESOURCES SHAREHOLDERS WILL BE DETERMINED
PRIOR TO CLOSING
    * MDU RESOURCES GROUP INC - TRANSACTION IS EXPECTED TO BE
TAX FREE

Source text for Eikon:  ID:nPn8Bljyya 
Further company coverage:  MDU.N 

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