QEP RESOURCES INC. launched a comprehensive review of strategic alternatives on Feb. 20, which the Denver-based company said could include a sale to activist investment firm Elliott Management Corp. Additionally, QEP said it agreed to terminate the definitive agreement to sell its assets in the Williston Basin to Vantage Energy Acquisition Corp. due to the deterioration in commodity prices. The company had entered the sale late last year as part of its strategy to become a pure-play Permian E&P.
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