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Stock Market & Financial Investment News

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.
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August 20, 2014
09:22 EDTSDSandRidge Energy says COO resigns to take CEO position at another company
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