Knife River responds to Starboard Value after activist investment

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Go back to Knife River responds to Starboard Value after activist investment

Knife River Reiterates Focus on Disciplined Execution and Shareholder Value Creation

September 24, 2026 1:00 PM EDT

Company Issues Statement in Response to Starboard

BISMARCK, N.D.--(BUSINESS WIRE)-- Knife River Corporation (NYSE: KNF) (Knife River or the Company) issued the following statement in response to the letter it received today from Starboard Value LP and certain of its affiliates (Starboard):

The Knife River Board of Directors (the Board) and management team welcome input from shareholders and are always open to constructive dialogue in the interest of enhancing shareholder value. The Company first learned of Starboards investment on September 22, 2026, and will engage with them... More