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News Breaks
November 30, 2012
16:22 EDTSDTPG-Axon reports 6.5% stake in SandRidge Energy, urges sale or restructuring
TPG-Axon disclosed in a filing that it holds a 6.5% stake in Sandridge Energy, including shares of common stock underlying swap agreements. In a letter to the company's board, TPG-Axon said, "[we have] heightened concern with the inability of the Issuer's management team to restore stockholder value and focusing on management's continued overspending, self-dealing and incoherent corporate strategy. The letter set forth [our] belief that, as a result of the foregoing concerns, a sale or dramatic simplification and restructuring of the Issuer are the only two viable options at this time." TPG-Axon also said in its letter that it seeks to replace the company's incumbent directors and de-stagger the board.
News For SD From The Last 14 Days
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November 26, 2014
06:00 EDTSDStocks with implied volatility movement; HES SD
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November 14, 2014
12:53 EDTSDOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).

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