WW International (WW) planning Chapter 11 bankruptcy filing

WW International (NASDAQ: WW) said the company is engaged in substantive discussions with an ad hoc group of its lenders and noteholders, including the negotiation of a plan of reorganization to significantly reduce debt obligations and currently expects that agreement will be effectuated through a prepackaged filing under Chapter 11 of the U.S. Bankruptcy Code by the Company and certain of its subsidiaries, which is anticipated to occur imminently.

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