QEP Resources is " carefully considering " a $ 2.07bn acquisition offer from hedge fund Elliott Management . According to anonymous sources , if the bid is accepted , minority shareholder Elliott would establish the currently underperforming QEP as an independent , private company , while also potentially accepting other bids for its contiguous 50,700 acres in the Permian Basin . Analyst Raymond James called the offer a " preliminary step in the negotiation process " .
QEP Resources is "carefully considering" a $2.07bn acquisition offer from hedge fund Elliott Management. According to anonymous sources, if the bid is accepted, minority stakeholder Elliott would run the currently underperforming QEP as an independent, private company, while also potentially attracting competing bids for its contiguous 50,700 acres in the Permian Basin. Analyst Raymond James called the offer a "preliminary step in the negotiation process".