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November 30, 2012
10:37 EDTSDTPG-Axon sends second letter to SandRidge Energy board
TPG-Axon, beneficial owners of 6.5% of the outstanding shares of SandRidge Energy, sent a second letter today to SandRidge's board. In the letter, TPG-Axon reiterated its desire to run a process to restructure or sell the company and provides greater detail on the market's loss of confidence in management based on their poor strategy and structural challenges including staggering overhead costs. TPG-Axon also notified SandRidge of its intent to conduct a consent solicitation of shareholders to amend the bylaws of SandRidge to de-stagger the board, provide that directors be removed with or without cause, and remove and replace the current board. TPG-Axon has retained Mackenzie Partners to act on its behalf in the solicitation process.
News For SD From The Last 14 Days
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October 8, 2015
05:20 EDTSDStocks with implied volatility movement; SD HLF
Stocks with implied volatility movement; SandRidge Energy (SD) 160, Herbalife (HLF) 88 according to iVolatility.
October 5, 2015
07:31 EDTSDSandRidge Energy acquires Pinon Gathering Company
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September 29, 2015
09:19 EDTSDDeutsche Bank to hold a conference
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