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Weatherford Shareholders Approve Delaware Redomestication

Weatherford International logoWeatherford International
Sig2.55Sen+2.69Env0.00Soc0.00Gov+1.91

Weatherford shareholders approved the company’s plan to redomesticate to Delaware, a step in aligning its corporate structure with global operations and strategy. The company expects annual cash savings of about $20 million to $30 million starting in 2027 and improved free cash flow conversion, subject to customary closing conditions including final Irish High Court approval.

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