Hedge fund not satisfied with SandRidge's explanation of CEO Ward's dealings
BY JAY F. MARKS NewsOK.com
Monday, January 28, 2013
OKLAHOMA CITY - A dissident SandRidge Energy Inc. shareholder isn't satisfied with the company's explanation of its dealings with entities associated with CEO Tom Ward.
TPG-Axon Capital, which owns about 6.7 percent of the company's outstanding stock, said Friday's statement from the SandRidge board did not refute its allegations of “front running” by Ward.
The board said last week it had vetted a number of deals between SandRidge and entities tied to Ward without finding any wrongdoing.
TPG-Axon called that response disappointing because of its disregard for the facts and the company's stockholders.
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