---
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"
generated_at: "2026-05-28T23:25:27.427759+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Knife River subsidiary to acquire Strata Corp, Glacier Resources, and Landmark assets for $454M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001955520-24-000054
- JSON: https://secwatch.observer/filing/0001955520-24-000054.json
- Plain text: https://secwatch.observer/filing/0001955520-24-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.