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Norway’s Seadrill warns of share, bond wipe-out in restructuring

By Ole Petter Skonnord and Terje Solsvik, Reuters April 5, 2017
1183

OSLO — Rig firm Seadrill warned on Tuesday that its stock will lose almost all of its value and its bonds will be hit as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities.

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