Starboard presses Knife River for margin improvements and strategic alternatives
Starboard Value urged Knife River ($KNF) to adopt a plan targeting at least a 22% adjusted EBITDA margin by fiscal 2029 and to evaluate strategic alternatives. The shareholder argues that stronger aggregates pricing and meaningful cost reductions could improve performance. Those are Starboard’s proposals and assessment of the business, not newly adopted company guidance. Knife River acknowledged the investment and said it would engage with Starboard while continuing its disciplined execution str
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