Elliott Management Corp. has proposed to buy QEP Resources Inc., as the activist investor said QEP’s turnaround efforts haven’t done enough to lift the oil-and-gas company’s share price. Elliott on Monday proposed to pay $8.75 for each outstanding share in Colorado-based QEP, a 44% premium over QEP’s Friday closing price. Elliott’s offer values QEP at roughly $2.07 billion.

Source: Wall Street Journal January 07, 2019 15:45 UTC