January 7, 2019 / 1:44 PM / 15 days ago

Elliott Management offers to buy QEP Resources for $2.07 bln

Jan 7 (Reuters) - Activist investor Elliott Management Corp said on Monday it has offered to buy oil and gas producer QEP Resources Inc in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued".

The hedge fund's offer of $8.75 per QEP share represents a 44 percent premium to the company's closing price on Friday. (Reporting by Shanti S Nair in Bengaluru; Editing by Shounak Dasgupta)

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