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Starboard Delivers Letter to Knife River

  • Starboard Value LP delivered a letter to Knife River Corporation's Board of Directors highlighting the widening margin gap between Knife River & its peers.
  • Starboard called for a commitment to achieve at least 22% adjusted EBITDA margins by fiscal year 2029.
  • Starboard demanded greater board accountability & more rigorous management incentives aligned with shareholder commitments.