MDU Resources Group in the announced separation of its construction services business, MDU Construction Services Group

On November 2, 2023, MDU Resources Group, Inc. (NYSE: MDU) announced that its board of directors has approved a plan to spin off its wholly owned construction services business, MDU Construction Services Group, Inc., resulting in two independent, publicly traded companies.  The spinoff is expected to be effected as a tax-free spinoff to MDU Resources and its shareholders and be complete in late 2024.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to MDU Resources.