SandRidge Energy Lashes out at Icahn Capital for Attempting to Control its Board - Before It's News -BoardProspects

SandRidge Energy Lashes out at Icahn Capital for Attempting to Control its Board

Before It's News Jun 5 2018 BoardNews

The fierce dispute between the oil and natural gas group SandRidge Energy ( NYSE:SD ), and the activist investor Carl Icahn took another turn today as a new letter to shareholders from SanRidge harshly criticizes its biggest shareholder Icahn Capital for attempting to take over its board...
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Quotes
1. Icahn has made clear his desire to acquire SandRidge, and is seeking to gain control without paying you an appropriate premium or participating in a competitive process.
2. We believe this drastic measure is warranted because, since emerging from bankruptcy, the board has exhibited a clear and consistent pattern of failure.
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