The oil producer in February ousted its chief executive James
Bennett after coming under pressure from activist investor Carl
Icahn who had objected to his pay and a $746 million bid to buy
rival Bonanza Creek Energy Inc <BCEI.N> late last year.
SandRidge initiated a strategic review in June, a month after
Icahn gained control of the company by taking five seats on the
board and pushed for its sale.
However, earlier this month, SandRidge said it ended its review
but rejected all bids, saying they undervalued the company.
(Reporting by Debroop Roy in Bengaluru; Editing by Arun Koyyur)
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