TPG-Axon Raises Stake in SandRidge Energy (SD) to 6.73%
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TPG-Axon Files Consent Solicitation for SandRidge (SD); Wants to Replace Entire Board
December 26, 2012 3:50 PM ESTSandRidge (NYSE: SD) shares are just about flat Wednesday as hedge fund TPG-Axon filed a consent solicitation with the U.S. SEC today.
According to the PREC14A, TPG-Axon is looking to change the energy company's bylaws and replace its entire Board of... 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.
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