UK's Petrofac's restructuring plan to leave shareholders empty-handed

Core Viewpoint - Petrofac's ongoing restructuring will result in no residual value for existing shareholders, with the process expected to be completed by the end of November [1] Company Summary - Petrofac is an oilfield services provider currently undergoing a restructuring process [1] - The restructuring is significant enough that it will eliminate any remaining value for current shareholders [1] - The completion of the restructuring is anticipated by the end of November [1]