Weatherford Quits $1 Billion Offering for Deals in Fast Reversal

Updated on
  • 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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