QEP terminates Williston Basin asset sale
Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45%
QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive review of strategic alternatives which could result in a merger or sale of the company or other transaction involving the company as a whole or its assets.

QEP said it plans to engage in discussions with a variety of parties that have expressed interest in a potential transaction, including Elliott Management Corporation.

In December QEP named former BHP Billiton petroleum business chief Timothy “Tim” Cutt as its president and CEO effective January 15, 2019. Cutt repla...

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