| Icahn Target SandRidge Drops CEO, CFO Under Activist Pressure | |
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Activist investor Carl Icahn just got another win in his crusade against SandRidge Energy Inc.’s top management. The Oklahoma City-based shale driller replaced Chief Executive Officer James Bennett as well as CFO Julian Bott on Thursday and announced drastic cuts to its drilling budget and corporate overhead. The shakeup comes after the billionaire activist investor successfully pressured SandRidge to abandon plans to acquire rival Bonanza Creek Energy Inc. Icahn voiced “grave concerns” about the company’s governance. Earlier this week, Midstates Petroleum Co. made an unsolicited takeover offer that valued SandRidge at about $589 million. Requests for comment left with SandRidge and Icahn’s office weren’t immediately returned. More from Bloomberg.com Read Icahn Target SandRidge Drops CEO, CFO Under Activist Pressure on bloomberg.com |
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SandRidge Energy
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CODE : SD |
ISIN : US80007P3073 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
SandRidge is a exploration company based in United states of america. SandRidge is listed in United States of America. Its market capitalisation is US$ 521.6 millions as of today (€ 487.5 millions). Its stock quote reached its lowest recent point on January 06, 2016 at US$ 0.15, and its highest recent level on April 26, 2024 at US$ 14.55. SandRidge has 35 850 000 shares outstanding. |