Starboard Prepares Knife River Director Nominations
Activist investor Starboard Value is preparing to nominate directors to Knife River's board. The hedge fund urges the construction firm to boost profit margins or pursue a sale following underperformance.
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Xurve View
Starboard Value is preparing to nominate directors to the board of KNIFE RIVER CORP following a 24% stock drop over the past 12 months. The activist hedge fund is escalating pressure on the construction materials supplier to lift profit margins or pursue a sale. The push targets a margin expansion to 22% by fiscal year 2029, up from 15% reported for the quarter ending June 30.
