Weatherford Redomesticates to Switzerland
Weatherford has completed its redomestication to Switzerland. In the redomestication, each outstanding common share of Weatherford International Ltd., the Bermuda company, was exchanged for one registered share of Weatherford International Ltd., the Swiss company. The shares of the Swiss Weatherford parent company are listed on the New York Stock Exchange under the trading symbol “WFT”, the same symbol under which the common shares of the Bermuda company were listed.
Shareholders who hold Weatherford shares in book entry form or in “street name” through a brokerage do not need to take any action to effect the exchange. Shareholders of record who hold Weatherford share certificates should receive a letter of transmittal by mail in the coming weeks that will allow them to surrender their certificates and apply for enrollment in the share register of the Swiss Weatherford parent.
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. Weatherford operates in over 100 countries and employs approximately 45,000 people worldwide.
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