Jana Partners Buys More QEP Resources, Sends Letter to Board

A newly amended filing with the SEC has just revealed that activist Barry Rosenstein‘s Jana Partners increased its stake in QEP Resources Inc (NYSE:QEP) to 7.6%, equal to over 13.54 million shares. At the same time, the fund sent a letter to company’s board stating a plan that they “have laid out to reverse QEP’s chronic underperformance for shareholders.”
Barry Rosenstein JANA PARTNERS

The letter can be accessed through the link below:

Jana Partners Letter to QEP Resources

Earlier in October, Jana Partners already outlined that it is going to get involved in QEP Resources via multiple activist strategies, and today’s letter strengthens that plan.

Disclosure: none