Reuters: Global Markets: SandRidge investor again calls for possible sale, board revamp

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

SandRidge investor again calls for possible sale, board revamp Nov 30th 2012, 15:50 Fri Nov 30, 2012 10:50am EST (Reuters) - A large investor in SandRidge Energy Inc (SD.N) is again calling for the oil and gas company to consider selling itself or significantly restructuring operations to boost the stock price. Hedge fund TPG-Axon, which said it owns 6.5 percent of SandRidge shares, sent a second letter to SandRidge on Friday outlining a plan to ask SandRidge shareholders to replace the entire board and de-stagger the board's composition. Shares of SandRidge rose 1.6 percent to $5.76 in Friday morning trading. (Reporting By Ernest Scheyder; Editing by Gerald E. McCormick)

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