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SandRidge, Icahn set for meeting in bid to ease tensions

Published 01/17/2018, 07:55 AM
© Reuters.  SandRidge, Icahn set for meeting in bid to ease tensions
SD
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  • SandRidge Energy (NYSE:SD) is expected to meet with Carl Icahn today to discuss the activist investor's demands for a board shake-up and other governance changes, as SD seeks to ease tensions with its largest shareholder and critic, Reuters reports.
  • Icahn blasted the company's $746M offer to acquire rival Bonanza Creek Energy - since terminated - as too expensive and just last week called on SD to replace two directors with one designated by him and the second by other large shareholders.
  • SD also is expected to meet with other top shareholders, including Guggenheim Partners Investment Management and Fir Tree Partners, both of which opposed the Bonanza Creek deal.
  • Now read: Halcon Resources: A Top Idea For 2018


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