November 27, 2017 / 11:46 AM / 19 days ago

SandRidge Energy adopts shareholder rights plan

Nov 27 (Reuters) - SandRidge Energy Inc said it adopted a shareholder rights plan, popularly known as a “poison pill”, days after activist investor Carl Icahn disclosed a big stake and said he would oppose its $746 million bid for Bonanza Creek Energy.

SandRidge said on Monday the rights plan has a trigger of 10 percent and will expire on Nov. 26, 2018. (Reporting by Anirban Paul in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below