17.9 C
New York
Monday, May 23, 2022

Icahn adds more nominees to SandRidge slate after board expansion

Icahn adds more nominees to SandRidge slate after board expansion© Reuters. FILE PHOTO: Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York

(Reuters) – Activist investor Carl Icahn on Friday added two more nominees to his slate for the board of SandRidge Energy Inc (N:) after the company expanded its board, suggesting that the hedge fund manager planned to press ahead with the proxy fight.

The U.S. shale oil producer said last week it would expand the board size to seven from five, to allow investors to pick two nominees from Icahn’s five-person slate.

Icahn, who holds a 13.51 percent stake in SandRidge, got the company to back out of its planned buyout of rival Bonanza Creek Energy Inc (N:) and forced the removal of the company’s chief executive and chief finance officer.

The billionaire investor on Friday nominated Jonathan Christodoro, a former managing director of Icahn Capital LP, and Nancy Dunlap, the private counsel and head of the private family office of former U.S. Senator Jon Corzine.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,300FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles