Activist investor Carl Icahn does not plan to buy shale producer SandRidge Energy, according to a regulatory filing.
The Oklahoma-based company said Monday the billionaire would not submit an offer regarding the company’s ongoing strategic review process. SandRidge recently replaced its board with a majority of Icahn’s candidates following a proxy fight.
The former board started accepting bids for a potential sale earlier this year and managed to attract 17 potential bidders, including Icahn.
