Weatherford Finally Files for “Prepackaged” Bankruptcy

We haven’t written about Weatherford International, the world’s fourth largest oilfield services (OFS) company, since last December when the New York Stock Exchange threatened to de-list their stock (see NYSE Threatens Weatherford with Delisting Stock). In the past, we’ve posted a number of stories about Weatherford’s financial troubles–and seemingly inevitable march toward bankruptcy (see our stories here). They finally succumbed. Weatherford announced Friday it will file for a “prepackaged” bankruptcy.

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