TPG-Axon urges SandRidge investors to vote for its proposals TPG-Axon, beneficial owner of 7% of the outstanding shares of SandRidge Energy, issued an open letter to SandRidge stockholders urging them to vote the GREEN consent card in favor of its proposals to amend the company’s bylaws and replace SandRidge’s entire Board of Directors with its slate of highly qualified director nominees. In the letter TPG-Axon commented: “Strategic blunders, extraordinary spending and poor governance have caused SandRidge stock to decline almost 80% since the 2007 IPO. This destruction of value is not an accident – it has been a result of the choices made, and actions taken, by Tom Ward and the current Board of Directors.”
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