PROSPECTUS SUPPLEMENT
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(To Prospectus dated May 24, 2000)
500,000 Shares
MDU RESOURCES GROUP, INC.
Common Stock
par value $1.00 per share
PLAN OF DISTRIBUTION. MDU Resources Group, Inc. is offering these shares,
together with the attached preference share purchase rights, directly to Nomura
Securities International, Inc. at a purchase price of $23.7668 per share. The
total purchase price for all of these shares is $11,883,400.
MDU will receive proceeds from the sale of these shares of $11,883,400
minus its expenses relating to the sale, which are estimated to be $32,500.
Applications will be filed to list these shares on the New York Stock Exchange
and the Pacific Exchange. The trading symbol is "MDU."
The offering price of these shares was established with reference to prices
of MDU Resources Group, Inc. common stock on the New York Stock Exchange for the
period beginning August 28, 2000 and ending September 1, 2000, net of a discount
of 2.5%. MDU Resources Group, Inc. will deliver these shares to Nomura
Securities International, Inc. on or about the date of this Prospectus
Supplement.
MDU Resources Group, Inc. has no arrangement or understanding, formal or
informal, relating to a distribution of these shares. Any resale of these shares
by Nomura Securities International, Inc. would be solely at its election and
would not be made on behalf of or at the request of MDU Resources Group, Inc.
MDU Resources Group, Inc. does not have any specific knowledge of the
intentions, if any, of Nomura Securities International, Inc. to resell and
distribute these shares.
USE OF PROCEEDS. The net proceeds to MDU Resources Group, Inc. from the
sale of these shares will be added to the general funds of MDU Resources Group,
Inc. and may be used for the refunding of outstanding debt obligations, for
corporate development purposes (including the acquisition of businesses and/or
business assets), and for other general corporate purposes.
GENERAL. The mailing address and telephone number of the principal
executive offices of MDU Resources Group, Inc. are: Schuchart Building, 918 East
Divide Avenue, P.O. Box 5650, Bismarck, North Dakota 58506-5650, (701) 222-7900.
Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these shares or determined if this
Prospectus Supplement and the accompanying Prospectus are truthful or complete.
Any representation to the contrary is a criminal offense.
The date of this Prospectus Supplement is September 5, 2000.
