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QEP Resources Confirms Receipt of Acquisition Proposal from Elliott Management

Source: www.gulfoilandgas.com 1/7/2019, Location: North America

QEP Resources has confirmed that it has received a preliminary proposal from Elliott Management Corp to acquire the Company for $8.75 per share in cash, subject to certain conditions including, among others, satisfactory completion of due diligence and negotiation of definitive documentation.

The Company’s Board of Directors intends to review Elliott’s proposal and will carefully consider the proposal in the context of the best interests of all of the Company’s shareholders, taking into account the Company’s other alternatives and current market conditions.

QEP Resources is an independent crude oil and natural gas exploration and production company with operations in two regions of the United States: the Southern Region (primarily Texas and Louisiana) and the Northern Region (primarily North Dakota).

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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