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$SD SandRidge Energy (NYSE:SD) is expected to meet

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eFinanceMarkets   Wednesday, 01/17/18 02:04:56 PM
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$SD SandRidge Energy (NYSE:SD) is expected to meet with Carl Icahn today to discuss the activist investor's demands for a board shake-up and other governance changes, as SD seeks to ease tensions with its largest shareholder and critic, Reuters reports.

Icahn blasted the company's $746M offer to acquire rival Bonanza Creek Energy - since terminated - as too expensive and just last week called on SD to replace two directors with one designated by him and the second by other large shareholders.

SD also is expected to meet with other top shareholders, including Guggenheim Partners Investment Management and Fir Tree Partners, both of which opposed the Bonanza Creek deal.

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