MDU Resources's Approved A Plan To Spin Off Its Wholly Owned Construction Services Business, MDU Construction Services Group Into Two Independent, Publicly Traded Companies, With Spinoff Expected To Be Completed In Late 2024
Portfolio Pulse from Benzinga Newsdesk
MDU Resources has approved a plan to spin off its wholly owned construction services business, MDU Construction Services Group, into two independent, publicly traded companies. The spinoff is expected to be completed in late 2024.
November 02, 2023 | 12:36 pm
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MDU Resources's decision to spin off its construction services business could potentially increase the company's focus on its core operations and provide shareholders with direct ownership in the new entities.
The spinoff could potentially increase the company's focus on its core operations, which might lead to improved performance. Additionally, the spinoff could provide shareholders with direct ownership in the new entities, which could be seen as a positive move by the market.
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