SandRidge builds website to counter shareholder action
SandRidge Energy Inc. on Friday unveiled a new website, SupportSandRidge.com, where it is urging shareholders to reject TPG-Axon's effort to replace its directors.
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Published: January 18, 2013
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SandRidge Energy Inc. on Friday unveiled a new website to help it fight an ongoing challenge from one of its largest shareholders.
The site — SupportSandRidge.com — contains information about SandRidge's directors, letters to shareholders and instructions for voting against the shareholder action.
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Shareholder TPG-Axon has blamed SandRidge management for the stock price falling 80 percent over the five years since its initial public offering. TPG-Axon has asked shareholders to vote out SandRidge's directors and replace them with a slate of its own choosing.
SandRidge has called TPG-Axon an “opportunistic, short-term investor,” and has asked shareholders to reject the plan.
Voting began this week and will be open until March 15.
If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.
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