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SandRidge Energy (SD) adopts a shareholder rights plan and amends its bylaws to require a...
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Monday, November 19, 2012, 4:45 PM ETSandRidge Energy (SD) adopts a shareholder rights plan and amends its bylaws to require a majority vote of stockholders to appoint directors. Two major shareholders have criticized the company and CEO Tom Ward in recent weeks, urging "a strategic sale or sensible development of assets" to boost shareholder value. SD -1% AH.
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Worst run energy company in the US (just edged out CHK for that honor) continuing to take steps to hurt the investors.
Every shareholder should support the activist investors.