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News Breaks
June 16, 2014
06:25 EDTWFTWeatherford holders approve change of jurisdiction from Switzerland to Ireland
Weatherford announced that its shareholders have approved changing its place of incorporation from Switzerland to Ireland at the Extraordinary General Meeting of Shareholders held in Zug, Switzerland. As previously disclosed by the SIX Swiss Exchange, trading in the shares of Weatherford International on the SIX Swiss Exchange will be suspended as from and including June 17, and, depending on the date of the registration of the merger in the commercial register of the Canton of Zug, Switzerland, the effective day of delisting of the Shares will be June 19.
News For WFT From The Last 14 Days
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May 26, 2015
09:58 EDTWFTOn The Fly: Analyst Downgrade Summary
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08:15 EDTWFT, WFTWeatherford downgraded to Underperform from Outperform at CLSA
CLSA downgraded Weatherford to Underperform from Outperform despite raising its price target to $15 from $12. CLSA's analyst believes the advancement of unconventional drilling has been one of the most disruptive technologies in the sectors' history and will derail cycle normalization near-term. The firm believes the industry will need half as many rigs to keep production flat until attrition right-sizes the industry.
May 19, 2015
07:31 EDTWFTUBS to hold a conference
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