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 CET

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
02/28 QEP RESOURCES : Announces Participation in an Upcoming Investor Conference
02/28 QEP Resources Announces Participation in an Upcoming Investor Conference
02/28 INSIDER TRADING ACTIVITY QEP RESOURC : QEP) – Director Bought 7,000 shares..
02/22 QEP RESOURCES : reports 4Q loss
02/22 QEP RESOURCES, INC. : Results of Operations and Financial Condition, Financial S..
02/22 QEP Resources Reports Fourth Quarter and Full Year 2016 Financial and Operati..
02/22 QEP RESOURCES : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND ..
01/23 QEP Resources Announces Fourth Quarter and Full Year 2016 Financial and Opera..
01/03 QEP RESOURCES : Hacking - Johnson
2016 QEP RESOURCES, INC. : Amendments to Articles of Inc. or Bylaws; Change in Fiscal..
More news
Sector news : Integrated Oil & Gas
03/23DJENI : Italy's Eni Strikes Oil Off Mexican Shores
03/23 Statoil wins licences off UK, 'resets' exploration off U.S
03/23 BP : Britain awards 25 oil exploration licences in frontier tender
03/23 SSE increases stake in UK Dogger Bank offshore wind development
03/22 China's Sinopec buys first major refinery in Africa from Chevron
More sector news : Integrated Oil & Gas
News from SeekingAlpha
03/07 QEP Resources (QEP) Presents At The Raymond James 38th Annual Institutional I..
03/02 BAKKEN OIL PRODUCERS : IP30 And Well Decline Rate Trends Since 2014
02/27 HARTSTREET OIL : The Bakken Isn't Dead
02/23 QEP Resources (QEP) Q4 2016 Results - Earnings Call Transcript
02/23 ENERGY/MATERIALS - TOP GAINERS / LOS : 00 pm