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SandRidge Energy (NYSE:SD): Closing price $5.09
The MSCI division Institutional Shareholder Services are of the opinion that SandRidge shareholders should support TPG-Axon Capital Management, along with other activist investors and vote to replace five members of the company’s board, saying in an e-mailed report that “The apparent failures of stewardship on this board are legion. TPG and other critics “have advanced a credible narrative that the company’s abrupt, piecemeal approach to corporate strategy and concomitant lack of capital discipline have increasingly limited the company’s financial flexibility, and engendered a deep distrust in the market.”
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