Glazer Capital Issues Open Letter to Shareholders of QEP Resources; Strongly Urges Vote Against the Acquisition of QEP by Diamondback

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Mar 09, 2021
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- Merger Consideration Offered by Diamondback is Materially Inadequate

- Standalone Valuation for QEP Shares is Far in Excess of the Merger Consideration, Based on Recent Surge in Small Cap E&P Company Valuations

- QEP's Share Price, Anchored by the 0.05 Merger Consideration Ratio, Lagged the Average of QEP's Small Cap E&P Peers by 48% Since the 'Unaffected Date' Utilized by ISS

- Glazer Capital Will Reject Proposed Acquisition by Diamondback at the Upcoming Special Meeting Next Week and Urges QEP Shareholders to do Likewise

- ISS Should Rescind its Recommendation For the Proposed Acquisition

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