Announced
Financials
Tags
natural gas gathering
Integrated Oil and Gas
Pending
crude oil
Acquisition
United States
oil and gas
Public
Private Equity
Synopsis
Elliott Management acquired QEP Resources, which operates as a natural gas and crude oil exploration and production company in the United States, for $2.1bn. The $8.75 per share offer represents a premium of 44%. Elliott believes QEP "remains deeply undervalued" and says a sale of the company would be the best approach to deliver maximum value to shareholders.
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