Jana Partners, QEP Resources: In a 13D just reported to the SEC, activist Barry Rosenstein‘s Jana Partners disclosed a 7.5% stake in QEP Resources Inc (NYSE:QEP). In the filing, the fund lists a few tactics it will push for to stimulate shareholder value at QEP:
1) Add board members and management with proven midstream value creation
2) Separate all of QEPFS from QEP to unlock its “true value”
3) Pursue a significant return of capital to shareholders
Check out the letter Barry Rosenstein sent to QEP Resources’ Board:
Jana Partners, Barry Rosenstein’s Letter to QEP Resources
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