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  "documentTitle": "QEP Resources, Inc. (QEP)",
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  "authorName": "John Pike and Andrew Taylor",
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  "presentationDate": "2019-01-07 00:00:00",
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      "text": "We propose to acquire 100% of the outstanding shares of QEP for $8.75 per share in an all-cash transaction.",
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      "text": "Elliott has approximately $35 billion of capital under management and has more than adequate capital to consummate this acquisition.",
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      "text": "We propose to acquire 100% of the outstanding shares of QEP for $8.75 per share in an all-cash transaction. Our Proposal represents a premium of 44% over the closing stock price of January 4, 2019.",
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      "text": "As a next step, we welcome the opportunity to discuss the Proposal with the Company and the Board... we respectfully propose that the Company hire well-regarded advisors and form a strategic review committee.",
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      "text": "Elliott has an extensive background in E&P... QEP as a public-company investment has not worked, and its stock continues to trade well below its intrinsic value.",
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      "text": "Prior to the execution of a definitive acquisition agreement, we would anticipate the following diligence work streams: (i) customary company, commercial, and financial diligence... (ii) accounting and tax review; (iii) legal; (iv) asset level.",
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      "text": "Elliott looks forward to working collaboratively with the Board to finalize our Proposal. Our team is ready to engage immediately and work through the steps outlined below so that we can move forward on an expedited basis.",
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