Starboard Delivers Letter to Knife River
Business Wire•30/10/2026•07:00 ET
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Key Highlights
- ➤Starboard Value delivered a letter to Knife River (KNF) board of directors
- ➤Starboard demands Knife River target at least 22% adjusted EBITDA margins by FY2029
- ➤Starboard highlighted Knife River widening margin gap compared to peers
- ➤Activist calls for greater board accountability and more rigorous management incentive structures
Highlights Knife River’s Widening Margin Gap with Peers and Calls for Commitment to at Least 22% Adjusted EBITDA Margins by FY2029
Calls for Greater Board Accountability and More Rigorous Management Incentives Aligned with Shareholder Commitments
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