SandRidge voting ends on March 15
SandRidge Energy Inc. has settled at least part of its dispute with shareholder TPG-Axon, which is trying to replace the Oklahoma City energy company's directors. The two groups now agree on when the 60-day voting period began.
Under terms of agreement, voting began Jan. 16 and will end March 15. All consent votes received before Jan. 16 will not be counted.
TPG-Axon, which owns 6.7 percent of SandRidge stock, has said the energy company is poorly managed and has asked shareholders to force a management change.
SandRidge has called TPG-Axon an “opportunistic investor with short-term interest” and has asked shareholders to reject the shareholder effort.
From staff reports