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Diamondback Seals $2.2B Merger of QEP Resources

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   |    Wednesday,March 17,2021

Diamondback Energy, Inc. has finalized its acquisition of QEP Resources Inc. in an all-stock deal valued at $2.2 billion.

This comes after one of QEP's stakeholders, Glazer Capital LLC, voiced opposition to the deal over the last couple of weeks, encouraging other shareholders to not vote in favor.

As previously announced, in the merger, QEP stockholders will receive 0.05 of a share of Diamondback common stock for each share of QEP common stock issued.

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