OKLAHOMA CITY, Jan. 9, 2018 /PRNewswire/ — SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today commented on the open letter that was received from Carl Icahn this morning:
The SandRidge Board of Directors and management team value constructive shareholder dialogue and are engaged in ongoing discussions with shareholders, including Mr. Icahn. In this regard, SandRidge’s independent board members are scheduled to meet with several major shareholders next week, including Mr. Icahn.
As we have already confirmed in writing to Mr. Icahn on two separate occasions, both publicly in our Form 8-K filed on December 11, 2017 and privately in a letter to his counsel dated December 12, 2017, the short-term rights plan does not prevent shareholders from speaking with each other as long as they do not form a group and comply with federal securities laws.
About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its current principal focus on developing high-return, growth-oriented projects in the U.S. Mid-Continent and Niobrara Shale.