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TPG-Axon, beneficial owner of 6.7% of the outstanding shares of SandRidge
Energy, Inc.
(the “Company”), today announced that its definitive
consent statement was filed with the U.S. Securities and Exchange Commission
(the “SEC”).
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.
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