TPG-Axon Files Definitive Consent Statement with SEC
- SandRidge Energy Stockholders to Receive Consent Solicitation Materials
- Urges Stockholders Vote the GREEN Consent Card -
NEW YORK -- January 16, 2013
TPG-Axon, beneficial owner of 6.7% of the outstanding shares of SandRidge
Energy, Inc. (NYSE: SD) (the “Company”), today announced that its definitive
consent statement was filed with the U.S. Securities and Exchange Commission
In its definitive consent statement, TPG-Axon confirmed that it intends to
deliver its official consent to the Company today, effectively starting the 60
day time period during which SandRidge stockholders of record, as of December
13, 2012, can vote in favor of TPG-Axon's proposals to amend the Company’s
bylaws, remove all members of the current Board of Directors and replace them
with its slate of highly qualified director nominees. TPG-Axon is requesting
that stockholders return their signed and dated GREEN consent cards by
February 28, 2013, to ensure that their consent cards are received by
SandRidge prior to March 15, 2013, the deadline for submitting consents.
As a result of filing its definitive consent statement with the SEC,
TPG-Axon’s proxy solicitor, MacKenzie Partners, will soon mail consent
solicitation materials to certain SandRidge stockholders of record as of
December 13, 2012. TPG-Axon urges SandRidge stockholders to vote the GREEN
Consent Card in favor of its proposals and to refrain from returning the white
consent card to be issued by SandRidge. Any consents not delivered will count
as votes against TPG-Axon’s proposals, per SandRidge's bylaws, as amended on
November 19, 2012.
For information on TPG-Axon’s proposals and on the process for voting shares
in favor of those proposals, go to www.shareholdersforsandridge.com.
About TPG-Axon Capital
TPG-Axon Capital is a leading global investment firm. Through offices in New
York, London, Hong Kong and Tokyo, TPG-Axon invests across global markets and
TPG-AXON MANAGEMENT LP, TPG-AXON PARTNERS GP, L.P., TPG-AXON GP, LLC, TPG-AXON
PARTNERS, LP, TPG-AXON INTERNATIONAL, L.P., TPG-AXON INTERNATIONAL GP, LLC,
DINAKAR SINGH LLC AND DINAKAR SINGH (COLLECTIVELY, “TPG-AXON”) HAS FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) A DEFINITIVE CONSENT
STATEMENT AND ACCOMPANYING CONSENT CARD TO BE USED TO SOLICIT WRITTEN CONSENTS
FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. IN CONNECTION WITH TPG-AXON'S
INTENT TO TAKE CORPORATE ACTION BY WRITTEN CONSENT. ALL STOCKHOLDERS OF
SANDRIDGE ENERGY, INC. ARE ADVISED TO READ THE DEFINITIVE CONSENT STATEMENT
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF WRITTEN CONSENTS BY
TPG-AXON, STEPHEN C. BEASLEY, EDWARD W. MONEYPENNY, FREDRIC G. REYNOLDS, PETER
H. ROTHSCHILD, ALAN J. WEBER AND DAN A. WESTBROOK (COLLECTIVELY, THE
"PARTICIPANTS") FROM THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC. BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE
PARTICIPANTS. THE DEFINITIVE CONSENT STATEMENT AND FORM OF WRITTEN CONSENT
WILL BE FURNISHED TO SOME OR ALL OF THE STOCKHOLDERS OF SANDRIDGE ENERGY, INC.
AND WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE ON
THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, TPG-AXON WILL PROVIDE
COPIES OF THE DEFINITIVE CONSENT STATEMENT AND ACCOMPANYING CONSENT CARD
WITHOUT CHARGE UPON REQUEST.
INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF THEIR DIRECT OR
INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN THE DEFINITIVE CONSENT
STATEMENT ON SCHEDULE 14A FILED BY TPG-AXON WITH THE SEC ON JANUARY 15, 2013.
THIS DOCUMENT CAN BE OBTAINED FREE OF CHARGE FROM THE SOURCES INDICATED ABOVE.
MacKenzie Partners, Inc.
Dan Burch or Larry Dennedy, 212-929-5500
Anton Nicholas, 203-682-8245
Phil Denning, 203-682-8246
Jason Chudoba, 646-277-1249
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