MDU Resources Announces Director's Intent to Sell Stock

Business Wirevia The Motley Fool
Updated

MDU Resources Announces Director's Intent to Sell Stock

BISMARCK, N.D.--(BUSINESS WIRE)-- MDU Resources Group, Inc. (NYS: MDU) today announced that outside Director Thomas Everist intends to file a Form 144 on May 7 with the Securities and Exchange Commission, indicating his intent to sell within the next three months up to 700,000 shares of MDU Resources stock held by The Everist Company.

Everist beneficially owns approximately 1.89 million shares of MDU Resources common stock, or 1 percent of outstanding shares. The majority of the shares were acquired in the sale of his construction materials company, Connolly-Pacific Co., to MDU Resources in 2000.


"MDU Resources is a great company, and I am proud to be a significant shareholder and a member of the Board of Directors," said Everist. "I have held these shares for 13 years and am selling a portion of the stock to diversify my portfolio."

MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated utilities and pipelines, exploration and production, and construction materials and services. For more information about MDU Resources, see the company's website atwww.mdu.comor contact the Investor Relations Department atinvestor@mduresources.com.



MDU Resources Group, Inc.
Financial:
Phyllis A. Rittenbach, 701-530-1057
Director - Investor Relations
or
Media:
Rick Matteson, 701-530-1700
Director of Communications and Public Affairs

KEYWORDS: United States North America North Dakota

INDUSTRY KEYWORDS:

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