Lowest price on the web! This all-in-one PDF app is $70 for lifeFILE - A sign for WeWork is displayed at their office in the borough of Manhattan in New York, Aug. 9, 2023. Trading in shares of WeWork were halted Monday as rumors that the office sharing company will seek bankruptcy protection. were halted Monday as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.
A WeWork spokesperson said last week that the company does not comment on speculation and did not immediately return messages after trading in the company's stock was halted Monday.sounded the alarmin October 2021 after its first attempt to do so two years earlier collapsed spectacularly.
Last month, WeWork skipped hefty interest payments — kicking off a 30-day grace period before an event of default. And last week, WeWork disclosed a forbearance agreement with bondholders that extended negotiations by one week prior to triggering a default. Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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