Now under the control of Carl Icahn, the board of SandRidge Energy is ramping up its efforts to consider selling itself by extending the deadline for bids and casting a wider net for interested parties.
SandRidge has been engaged with RBC Capital Markets LLC since March when it rejected an unsolicited offer from Midstates Petroleum Co. At the time, the company said the offer wasn’t feasible, but it would work with an investment bank to explore options. The company continues to work with RBC.
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