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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 28, 2000
MDU RESOURCES GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-3480 41-0423660
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
Schuchart Building, 918 East Divide Avenue, P.O. Box 5650,
Bismarck,North Dakota 58506-5650
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (701) 222-7900
N/A
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On January 28, 2000, MDU Resources Group, Inc. (the "Company")
announced that its Board of Directors authorized the repurchase of up to 1
million shares of the Company's outstanding common stock. Timing of purchases
will be dictated by market conditions. All shares repurchased will be retired
and resume the status of authorized and unissued shares. Funds for the program
will come from long or short-term debt securities, from internally generated
funds, or other sources that become available from time to time. The program
will terminate on or prior to December 31, 2001, unless extended by the Board of
Directors or Finance Committee of the Board. Filed herewith as Exhibit 99 is the
Company's Press Release with respect to the foregoing, which is incorporated
herein by reference.
Item 7. Financial Statements, PRO FORMA Financial Information and Exhibits.
(c) Exhibits.
Exhibit No. Description
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99 Press Release, dated January 28, 2000
2
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MDU Resources Group, Inc.
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(Registrant)
/s/ Warren L. Robinson
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Date: February 11, 2000 (Signature)
Warren L. Robinson
Executive Vice President, Treasurer
and Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
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99 Press Release, dated January 28, 2000
EXHIBIT 99
Company Press Release
MDU Resources Announces Stock Repurchase
BISMARCK, N.D.--(BUSINESS WIRE)--Jan. 28, 2000--MDU Resources Group, Inc.
(NYSE:MDU - news) announced today its Board of Directors authorized a stock
repurchase program. In approving the program, the Board authorized a
repurchase of up to 1 million shares of the company's outstanding common stock.
Timing of purchases will be dictated by market conditions.
All shares repurchased would be retired and resume the status of authorized and
unissued shares. Funds for the program will come from long or short-term debt
securities, from internally generated funds, or other sources that become
available from time to time. The program will terminate on or prior to December
31, 2001, unless extended by the Board of Directors or Finance Committee of the
Board.
MDU Resources Group, Inc. is a multidimensional natural resource company
comprised of construction materials and mining operations; oil and natural gas
acquisition, exploration and production activities; an electric and natural gas
utility; a natural gas transmission and energy marketing company; and utility
services companies. For more information about MDU Resources, see the company's
web site at www.mdu.com or contact the investor relations department at
[email protected].
Contact:
MDU Resources, Bismarck
Lester H. Loble, II
Vice President, General Counsel and Secretary
701-222-7880
