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Elliott bids $2.07 billion for Permian Basin producer QEP Resources

(Reuters) Hedge fund Elliott Management Corp on Monday offered to buy QEP Resources Inc (QEP.N), which has a big presence in the Permian Basin near major energy producers, for $2.07 billion, or $8.75 per share, 44 percent above the stock’s closing price on Friday. QEP Resources shares surged after the offer was made in a letter to the company’s board. The proposal could force the company to put itself up for sale, according to a person close to the Elliott camp.

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