other material
confidence high
sentiment neutral
materiality 0.85
MDU Resources spin-off of Knife River corp; distribution ratio 1:4; effective May 31
MDU RESOURCES GROUP INC
- Registration statement for Knife River spin-off declared effective by SEC.
- Distribution of ~90% of Knife River shares to MDU holders: 1 share KNF per 4 shares MDU.
- Record date May 22, distribution date May 31, 2023.
- KNF to trade on NYSE after spin-off; when-issued trading starts May 25 under 'KNF WI'.
- Investor day for Knife River scheduled for May 18, 2023.