Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Jana Partners Goes Activist on QEP Resources, Seeks Spinoff and Share Repurchase

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

Barry Rosenstein JANA PARTNERS

Check out the letter Barry Rosenstein sent to QEP Resources’ Board:

Jana Partners, Barry Rosenstein’s Letter to QEP Resources

Disclosure: none

Recommended reading:

Coliseum Capital Likes Jamba Juice

Israel Englander Buys Some Spectrum Pharmaceuticals

Mario Gabelli and GAMCO Are Bullish on This Company

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.