Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  QEP Resources Inc    QEP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

QEP Resources, Inc. : QEP Resources Announces Termination of Shareholder Rights Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/14/2012 | 07:10pm CEST

DENVER, Feb. 14, 2012 /PRNewswire/ -- QEP Resources, Inc. (NYSE: QEP) announced today that its Board of Directors has approved an amendment to the Rights Agreement for its Shareholder Rights Plan to accelerate the final expiration date of the Rights to April 1, 2012. The Rights had been slated to expire on June 30, 2013. As a result of the amendment, as of the close of business on April 1, 2012, the Rights will no longer be outstanding and will not be exercisable, and the Rights Agreement will effectively terminate. Shareholders do not need to take any action as a result of this termination.

(Logo: http://photos.prnewswire.com/prnh/20101116/LA02638LOGO)

"Our board took this action in response to shareholder concerns about the Rights Plan," said Chuck Stanley, President and CEO. "Last year the board agreed that it would either put the Rights Plan to a vote at the 2012 Annual Meeting, or eliminate the Plan. After careful consideration, the board determined that terminating the Plan was appropriate at this time."

About QEP Resources, Inc.
QEP Resources is a leading independent natural gas and oil exploration and production company with operations focused in the Rocky Mountain and Midcontinent regions of the United States. QEP Resources also gathers, compresses, treats, processes, and stores natural gas.

For more information, visit the QEP Resources website at: www.qepres.com.

SOURCE QEP Resources, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on QEP RESOURCES INC
08/10 QEP Resources Announces Participation in an Upcoming Investor Conference
08/01 INSIDER TRADING ACTIVITY QEP RESOURC : QEP) – Director Bought 5,000 shares..
08/01 INSIDER TRADING ACTIVITY QEP RESOURC : QEP) – CFO Bought 12,500 shares of ..
07/31 QEP RESOURCES : Denver energy company to focus on Texas oil with $732M oilfield ..
07/26 QEP RESOURCES : beats 2Q profit forecasts
07/26 QEP RESOURCES, INC. (NYSE : QEP) Files An 8-K Results of Operations and Financia..
07/26 QEP RESOURCES, INC. : Results of Operations and Financial Condition, Financial S..
07/26 QEP RESOURCES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND ..
07/26 QEP Resources Reports Second Quarter 2017 Financial and Operating Results; An..
07/25 QEP RESOURCES : Announces Agreements to Sell Natural Gas Assets In Southwest Wyo..
More news
News from SeekingAlpha
08/16 U.S. drilling creates ?industrial inventory? of untapped wells waiting to flo..
08/16 QEP Resources (QEP) Presents At EnerCom Oil & Gas Conference - Slideshow
08/11 Permian production forecast to keep rising despite investor concerns
08/08 Mexco Energy Trades At Discount To Value Of Proved Reserves With Significant ..
08/02 HARTSTREET LLC : Midland Enhanced Completions Show Why USO Could Be Headed Highe..