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Icahn nominates five to replace entire SandRidge board

Reuters  |  HOUSTON 

By Ernest ScheyderHOUSTON (Reuters) - Billionaire activist investor Carl Icahn on Monday nominated a five-person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.The move sets up a showdown at SandRidge's annual meeting later this year between the existing board and the hard-driving investor who has been trying to force the company to sell itself outright to either himself or another potential bidder.Icahn has spent recent months blasting SandRidge's leadership, at one point ...

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First Published: Mon, April 16 2018. 23:32 IST