Reuters

(Reuters) - Activist investor Carl Icahn on Friday urged SandRidge Energy Inc's <SD.N> stockholders to vote against the oil and gas company's plan to issue shares for its proposed acquisition of Bonanza Creek Energy <BCEI.N>.

 

Icahn, SandRidge's biggest shareholder with a 13.5 percent stake, has called SandRidge's $746 million offer – $19.20 per share in cash and $16.80 in stock – for Bonanza Creek "value-destroying." (http://bit.ly/2zeUPVW)

 

Several other holders including Fir Tree Partners and Susquehanna Advisors Group have come out against the purchase.

 

(Reporting by Taenaz Shakir in Bengaluru; Editing by Savio D'Souza)