QEP Resources and Elliott Management Enter Into Cooperation Agreement

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Go back to QEP Resources and Elliott Management Enter Into Cooperation Agreement

QEP Resources (QEP) Completes Strategic Review Without a Sale, Enters Agreement with Elliott

August 7, 2019 7:19 AM EDT

QEP Resources (NYSE: QEP) Board of Directors concluded its formal strategic alternatives review process without a sale. The company will remain an independent company and its go-forward strategy focuses on free cash flow, reducing leverage and returning capital to shareholders. Further, the company entered an agreement with activist invetor Elliott Management.

"QEP delivered solid performance in the second quarter, demonstrating significant progress on a number of fronts. The Company has completed its formal strategic review process and... More