real-time news and commentary for investors
Friday, Dec 28
2012, 5:21 PM
SandRidge Energy (SD) is striking back against TPG-Axon’s push to replace the...
SandRidge Energy (SD) is striking back against TPG-Axon’s push to replace the company’s board and amend its bylaws, urging shareholders to reject the proposal and describing the hedge fund as an “opportunistic investor with short-term interests” whose slate of nominees is not familiar with SD’s operations or the oil and gas sector. TPG says it's just looking out for the shareholders.