MDU Resources announces director's intent to sell stock
May, 07 2007
(BISMARCK, North Dakota) - MDU Resources Group, Inc. (NYSE:MDU) today announced that outside Director Thomas Everist filed a Form 144 on May 2 with the Securities and Exchange Commission indicating his intent to sell up to 1 million shares of MDU Resources stock within the next three months.
Everist owns nearly 3.5 million shares of MDU Resources common stock, or 1.9 percent of outstanding shares. Approximately 3.4 million 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 nearly seven 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. MDU Resources includes natural gas and oil production, natural gas pipelines and energy services, construction materials and mining, construction services, electric and natural gas utilities, and independent power production. For more information about MDU Resources, see the company's Web site at www.mdu.com or contact the Investor Relations Department at email@example.com.
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