The evolution of a hostile takeover
In a series of interviews with Energy Intelligence Group’s Oil Daily, Chris Hewitt analyzes the corporate governance implications of the actions taken by the board of directors of SandRidge Energy leading up to Midstates Petroleum Company’s unsolicited offer to buy SandRidge. The “bear hug” letter is discussed here, the article discussing SandRidge’s adoption of a poison pill is here, and the article discussing termination of the Bonanza Creek deal is here. Chris’s own article on the SandRidge pill is here.