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Hedge Fund Forces Power Shift at SandRidge

Hedge Fund Forces Power Shift at SandRidge

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

March 22, 2013