Wednesday, June 25, 2025

Poison Pill “Would Make a Totalitarian Dictator Blush”: Icahn Responds to SandRidge

“Your apparent disregard for any semblance of accountability to the owners of SandRidge reminds me of the medieval belief in the divine right of kings”: Icahn Activist investor Carl Icahn published an open letter today, responding to SandRidge’s (ticker: SD) adoption of a “poison pill” on Monday. According to SandRidge, “The rights plan is designed to protect our shareholders’ right