Activist investor Carl Icahn announced two more nominees for SandRidge Energy Inc.’s board of directors, signaling he’s not interested in a proposed settlement of his fight to take control of the oil and gas explorer, Bloomberg News reported. In a regulatory filing on Friday, Icahn increased his slate of candidates to seven and said it was in SandRidge’s “best interests" for shareholders to elect all of them to replace the current directors at the Oklahoma City company. That followed SandRidge’s announcement earlier last week that it was expanding the five-member board in an attempt to make room for two Icahn representatives. Icahn last month nominated five replacements for the board, after months of criticizing management and helping to scuttle its proposed acquisition of Bonanza Creek Energy Inc. SandRidge has seen its market value plunge from $11 billion before a 2016 bankruptcy to about $500 million today. It has said that it is conducting a review of its options, including a potential sale to Icahn or another party.
