MDU Resources announced that its board of directors has approved the previously announced spinoff of the company’s wholly owned construction services subsidiary, Everus Construction Group, through a pro rata distribution of all the outstanding shares of Everus common stock. “We believe this strategic move will unlock value for our shareholders and position Everus for continued growth and success,” said Nicole A. Kivisto, president and CEO of MDU Resources. “This spinoff allows both MDU Resources and Everus to focus on our core strengths and pursue distinct opportunities in our respective industries.”
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