QEP Resources Confirms Receipt of Proposal from Elliott

QEP Resources Confirms Receipt of Proposal from Elliott

DENVER , Jan. 07, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc.(NYSE: QEP) (“QEP” or the “Company”) today confirmed that it has received a preliminary proposal from Elliott Management Corp. (“Elliott”) 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. 
About QEP Resources
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