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Article

16 Oct 2007

Author:
Pax World Mutual Funds

Pax World divests from Weatherford international

Pax World Management Corp., investment adviser to Pax World Funds...announced it has fully divested all holdings of Weatherford International (WFT) due to its operations in Sudan. Pax World divested all shares of Weatherford on Oct. 12 after the Sudan Divestment Task Force added the company to its list of companies having problematic ties to the government of Sudan, which is widely viewed as responsible for the genocide taking place in Darfur.