MDU Resources board approves spinoff of Everus Construction; distribution ratio 1:4

MDU RESOURCES GROUP INC

Record date Oct 21, 2024; distribution effective Oct 31, 2024 at 11:59 p.m. EDT.
Each MDU shareholder receives 1 share of Everus common stock for every 4 MDU shares held.
Everus expected to trade 'when-issued' on NYSE as ECG WI from Oct 28; regular-way starts Nov 1.
Spinoff expected to be tax-free for U.S. federal income tax purposes (except cash in lieu of fractional shares).
Distribution is subject to SEC declaring Everus Form 10 effective and other customary conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.