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Carl Icahn Won't Bid for SandRidge After Winning Control of Board

BNN Bloomberg

(Bloomberg) -- Activist investor Carl Icahn won’t make a bid to buy oil and gas explorer SandRidge Energy Inc., the company said in a regulatory filing Monday. The billionaire New Yorker told SandRidge last week that he wouldn’t submit an offer, just days after winning a proxy fight to replace most of the board at the Oklahoma business, according to the filing. Icahn instead signed a confidentiality agreement giving his representatives board observer rights, the company said...

Mentions: Proxy Fight Carl Icahn Bloomberg