WE Jun 2024 0.500 call
| Previous Close | 1.0000 |
| Open | 1.0000 |
| Bid | 0.0000 |
| Ask | 4.9000 |
| Strike | 0.50 |
| Expire Date | 2024-06-21 |
| Day's Range | 1.0000 - 1.0000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3 |
BloombergWeWork Cleared to Exit Bankruptcy, Shedding Neumann Legacy
(Bloomberg) -- WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of co-founder Adam Neumann.Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarSouth Africa Election Results With 29% Voting Districts InInsurers Sink as UnitedHealth Sees ‘Disturbance’ in Medicaid‘Not Gonna Be Pretty:’ Covid-Era
ReutersWeWork cleared to exit bankruptcy and slash $4 billion in debt
NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company's equity over to a group of lenders and real estate technology company Yardi Systems. U.S. Bankruptcy Judge John Sherwood approved WeWork's restructuring at a court hearing in Newark, New Jersey. With that approval, WeWork will be ready to exit from bankruptcy with no debt "in a matter of days," WeWork attorney Steven Serajeddini said at the hearing.
The GuardianAdam Neumann drops bid to acquire bankrupt WeWork
Former CEO of shared office space provider was ousted from company in 2019 following botched attempt to take it public
