SandRidge Energy cancels purchase plan

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  1. SandRidge Energy cancels purchase plan  NewsOK.com
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OKLAHOMA CITY SandRidge Energy Inc. on Thursday canceled its plans to buy Colorado based Bonanza Creek Energy following strong opposition by the company s largest shareholders..Midstates proposed the merger shortly after SandRidge yielded to pressure from its largest shareholders and canceled its planned $ million purchase of Colorado based Bonanza Creek Energy. SandRidge in the fourth quarter reported $. million in expenses related to its aborted purchase plan..SandRidge Energy Inc. on Thursday canceled its plans to buy Colorado based Bonanza Creek Energy. SandRdige announced the $ million purchase plan last month. The effort drew swift opposition from activist investor Carl Icahn and other large SandRidge shareholders. "After consultation with SandRidge s largest .SandRidge Energy Inc. announced Thursday that it was canceling its plans to buy Colorado based Bonanza Creek Energy following strong opposition from the company s largest shareholders. Though headquartered in Denver, Bonanza Creek has a large presence in Columbia County with extensive operations in the .







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