{"schema_version":"secwatch.filing_event.v1","accession":"0001955520-24-000054","form_type":"8-K","ticker":"KNF","cik":"0001955520","company_name":"Knife River Corp","filed_at":"2024-12-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.431120+00:00","generated_at":"2026-05-28T23:25:27.427759+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Knife River subsidiary to acquire Strata Corp, Glacier Resources, and Landmark assets for $454M cash","bullets":["KRC Holdings, a Knife River subsidiary, to buy 100% of Strata and Glacier equity and certain Landmark assets for $454M in cash, subject to purchase price adjustments.","Financing from cash on hand and new long-term debt; deal subject to HSR Act clearance and other customary closing conditions.","Termination fee of $15M payable by Buyer if deal fails due to regulatory injunction or outside date expiry; sellers may terminate under certain conditions.","Sellers include equity holders of Strata and Glacier and owners of Landmark; parties made customary representations, warranties, and indemnification commitments.","Acquisition expected to close after satisfaction of conditions; pre-closing restructuring required for Glacier Resources ownership."],"urls":{"canonical":"https://secwatch.observer/filing/0001955520-24-000054","json":"https://secwatch.observer/filing/0001955520-24-000054.json","markdown":"https://secwatch.observer/filing/0001955520-24-000054.md","text":"https://secwatch.observer/filing/0001955520-24-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1955520/000195552024000054/0001955520-24-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1955520/000195552024000054/knf-20241220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T23:25:27.427759+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}