Icahn steps up fight against SandRidge's plan to buy Bonanza Creek

Icahn steps up fight against SandRidge's plan to buy Bonanza Creek

- in Random News
16
0
Want create site? Find Free WordPress Themes and plugins.

(Reuters) – Activist investor Carl Icahn on Friday urged SandRidge Energy Inc’s (SD.N) stockholders to vote against the oil and gas company’s plan to issue shares for its proposed acquisition of Bonanza Creek Energy (BCEI.N).

Icahn, SandRidge’s biggest shareholder with a 13.5 percent stake, has called SandRidge’s $746 million offer – $19.20 per share in cash and $16.80 in stock – for Bonanza Creek “value-destroying.” (bit.ly/2zeUPVW)

Several other holders including Fir Tree Partners and Susquehanna Advisors Group have come out against the purchase.

Reporting by Taenaz Shakir in Bengaluru; Editing by Savio D’Souza

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Warm Brussels Sprout Salad

Want create site? Find Free WordPress Themes and