Icahn Takes Control Of SandRidge Board, But Company’s Future Remains Unclear

SandRidge shareholders elected four of Carl Icahn’s nominees to the company’s seven-member board of directors Tuesday, giving the activist investor a slim majority on the board. The Journal Record’s Sarah Terry-Cobo writes the company will likely be sold, but it is not clear if Icahn will first break SandRidge up into pieces. FULL TRANSCRIPT Jacob McCleland: You’re listening to the Business Intelligence Report, a weekly conversation about business news in Oklahoma. I’m Jacob McCleland and today we’re talking with Sarah Terry-Cobo. She’s the senior reporter at the Journal Record newspaper. Sarah, thank you for joining us. Sarah Terry-Cobo: Good morning Jacob, thank you for having me. McCleland: There were a couple of substantial business developments yesterday. One is that activist investor Carl Icahn took control of the board of directors at Oklahoma City-based SandRidge Energy. We’ve talked about this proxy fight a few times before. But now Icahn controls a majority of the boards of