Weatherford's Shareholders Approve Redomestication to Switzerland

Weatherford International's shareholders have approved its proposed redomestication to Switzerland. The transaction remains subject to approval of the Supreme Court of Bermuda at a hearing scheduled for February 20. The company anticipates completing the transaction on February 25.

Weatherford is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry.