Weatherford Quits $1 Billion Offering for Deals in Fast ReversalBy
Analysts said funding was earmarked for Halliburton assets
Passing up acquisitions may prove better for investors
Within hours of Weatherford International Plc’s announcement that it would raise $1 billion in a move some analysts linked to interest in making a bid for Halliburton Co. assets, the oilfield services provider pulled a U-turn.
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