SandRidge President James D. Bennett tells employees settlement aimed to end distractions

SandRidge Energy Inc. this week ended its four-month fight with shareholder TPG-Axon in a settlement in which the Oklahoma City energy company agreed to many of the New York shareholder's demands.

 
BY ADAM WILMOTH awilmoth@opubco.com | Published: March 17, 2013   

An hour after SandRidge Energy Inc. announced its Wednesday settlement with dissident shareholder TPG-Axon Capital, new SandRidge President James D. Bennett told employees the company did not expect to lose control, but opted to settle to end the distraction.

photo - The inside of the SandRidge Energy’s headquarters is shown in Oklahoma City. Oklahoman Archives Photo
The inside of the SandRidge Energy’s headquarters is shown in Oklahoma City. Oklahoman Archives Photo

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Bennett also said it is unlikely that SandRidge's newly expanded board of directors will sell the company.

TPG-Axon had asked shareholders to approve its plan to replace all seven of...
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