(Reuters) – Hedge fund TPG-Axon said on Sunday that a Friday court ruling barring the board of SandRidge Energy Inc from resisting its campaign to replace the energy firm’s board shows precisely why the change is needed. During TPG-Axon’s efforts to seek shareholder solicitations to replace SandRidge’s directors, they “acted in a manner to entrench themselves and prevent a fair process from playing out,” the hedge fund said. …
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