Why Shares of Knife River Were Moving Higher Today
Starboard Value took a position in Knife River.
Overview
Shares of Knife River Corporation (NYSE: KNF) gained today after activist investor Starboard Value disclosed a position in the construction stock and sent a letter to management calling for the board to consider strategic alternatives, which typically include a sale of the company.
Knife River stock closed up 3.8% on the news today.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.