Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Restructurings

QEP Resources (QEP) sells its midstream business for $2.5bn

QEP Resources, Inc. (NYSE:QEP) announced today that its wholly owned subsidiary, QEP Field Services Company has entered into a definitive agreement to sell its midstream business, including the Company’s ownership interest in QEP Midstream Partners, LP (NYSE:QEPM), to Tesoro Logistics LP in an all cash transaction valued at $2.5 billion, including $230 million to refinance debt at QEPM. Source: Press Release

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