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SandRidge: Default Possible If Board Replaced

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OKLAHOMA CITY, Okla. (Reuters) - SandRidge Energy Corp. said replacing its board, as suggested by its third-largest shareholder, TPG-Axon, would lead to a default under its credit agreement and require the company to make an offer to repurchase its senior notes.The U.S. oil and gas producer said, ... (Publication: Reuters Hedgeworld)

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