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Switzerland-based international Oil Field Services company Weatherford International Ltd. (NYSE Euronext: WFT) will complete its Fast Path cross-listing on NYSE Euronext in Paris on 6 October 2009, making it the fifth NYSE-listed company to take advantage of the streamlined, cost-effective Fast Path process since it was made available by NYSE Euronext in 2008 (after Philip Morris International in March 2008, Anheuser-Busch in April 2008, Companhia Vale do Rio Doce in July 2008 and Cliffs Natural Resources in April 2009).
The Fast Path listing enables US-listed, non-EU companies to use their existing filings with the SEC for a listing on NYSE Euronext’s European markets, with or without a simultaneous capital raising.
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. The company operates in 100 countries and employs over 50,000 people worldwide and has a market capitalization of more than $15 billion (€10 billion).
Related website:www.weatherford.com
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