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-0.00109289617486336 -0.00218579234972673 0 -0.00327868852459009 0.00327868852459009 0.00765027322404375 0.0109289617486338 0.0163934426229509
Stock impact report

In SandRidge proxy fight, Icahn's reputation for turnarounds at stake [Reuters]

Chesapeake Energy Corporation (CHK) 
Last chesapeake energy corporation earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: chk.com/investors
Company Research Source: Reuters
In SandRidge proxy fight, Icahn's reputation for turnarounds at stake | Reuters Reuters Staff 3 Min Read HOUSTON, June 15 (Reuters) - When SandRidge Energy Inc shareholders on Tuesday cast their votes for directors, the only question is how much sway over the embattled oil and gas producer they will hand to activist investor Carl Icahn. Icahn, whose hedge fund owns 13.6 percent of SandRidge and has said it could make an all-cash offer for the company, is assured of at least two of the seven seats under the formula set by the board and is expected to receive more. He is staking his reputation by pushing for a straight vote on his seven-person slate to manage a sale of the $544 million company after setbacks at Chesapeake Energy Corp. The investor could win three or four seats with the support of many of its largest shareholders, activists or distressed company investors, said David Beard, analyst at Coker Palmer Institutional. Institutions including Icahn’s hedge fund hold 88 percent o Show less Read more
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