SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of QEP Midstream Partners, LP And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of QEP Midstream Partners, LP (“QEP” or the “Company”) (NYSE: QEPM) relating to the proposed buyout of the Company by Tesoro Logistics LP (“TLLP”).

Under the terms of the transaction, QEP shareholders are anticipated to receive 0.3088 TLLP common units for each QEP common unit held, representing a value of approximately $17.09 per QEP common unit.

The transaction may undervalue QEP and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for QEP stock at $20.00 per share.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of QEP and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

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