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QEP Resources to Spin-Off Midstream Business Sector
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QEP Resources, Inc. has announced a decision to pursue a separation of its midstream business, QEP Field Services Company, including the Company's interest in QEP Midstream Partners, LP.
The decision is a result of the Board’s continuous review of strategic alternatives to maximize shareholder value that also led to the creation of QEPM earlier this year. After careful review by the Board of Directors and management team with its financial advisors, the Company concluded that the separation of QEP Field Services from QEP creates a number of significant advantages, each of which is expected to maximize shareholder value, including:
Allowing for the separate valuation of QEP’s midstream business. The value of QEP’s midstream business is not fully recognized in the QEP share price and a…Finish this article — free account or subscription
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