SandRidge shares surge as Icahn opposes Bonanza bid
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Sandridge Energy (SD) Adopts Poison Pill Provision
November 27, 2017 6:31 AM ESTSandRidge Energy, Inc. (NYSE: SD) today announced that its Board of Directors (the "Board") has unanimously adopted a short-term shareholder rights plan (the "Rights Plan").
The Rights Plan is designed to protect our shareholders' right to vote, on a fully informed basis, on the proposal to approve the issuance of the Company's common stock in connection with the proposed merger with Bonanza Creek Energy, Inc. (NYSE: BCEI) based on the additional disclosure forthcoming in the Company's proxy materials for the merger. The Board... More
