SandRidge Energy Inc. (NYSE:SD) saw one of it major investors, the hedge fund TPG-Axon Capital Management, put forward a proposal today that would see the company's entire board replaced.
Today's plan to oust the current board was filed with the SEC. The filing was made in connection with a lawsuit filed by the hedge fund against the company. The lawsuit challenges a decision by the company's board to shorten the amount of time allowed to shareholders to vote on company bylaws, and the replacement board championed by TPG-Axon Capital Management.
TPG-Axon Capital Management is...
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