TPG-Axon Files Consent Solicitation for SandRidge (SD); Wants to Replace Entire Board
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TPG-Axon Raises Stake in SandRidge Energy (SD) to 6.73%
December 26, 2012 5:03 PM ESTIn a 13D filing on SandRidge Energy (NYSE: SD), hedge fund TPG-Axon disclosed a 6.73%, or 33,003,000 share, stake in the company.
This is up 16.41% from the 28,350,000 shares held at the end of the latest quarter ending September 30, 2012.
For more notable holders... More
TPG-Axon Sends Letter to SandRidge (SD); Files Lawsuit, Will Issue Consent Solicitation
December 24, 2012 12:23 PM ESTTPG-Axon, owner of 6.7% of the outstanding shares of SandRidge Energy, Inc. (NYSE: SD), sent a third letter to SandRidges Board of Directors.
In the latest letter, TPG-Axon notes that it has filed a lawsuit in Delaware Chancery Court contesting the validity of the declared Initial Consent Date noted in SandRidges 8-K, dated December 21, 2012, relating to TPG-Axons proposals to amend the Companys bylaws and remove and replace members of the current Board of Directors.
... More
