KLX Inc. Announces Review of Strategic Alternatives to Maximize Shareholder Value
KLX INC COMMON (KLXI)
Last klx inc common earnings: 3/6 02:00 am
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US:NASDAQ Investor Relations:
klx.com
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Source: GlobeNewswire
WELLINGTON, Fla., Dec. 22, 2017 (GLOBE NEWSWIRE) -- KLX Inc. (the “Company”) (NASDAQ:KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry announced today that in response to inquiries from interested parties, it has initiated a formal process to explore strategic alternatives for the Company focused on maximizing shareholder value. Such strategic alternatives could include, amongst others, a sale of the Company or a sale of a division or divisions thereof, a business combination or continuing as a standalone entity executing on its business plan. The Company has retained Goldman Sachs & Co. as financial advisor and Freshfields Bruckhaus Deringer US LLP as legal advisor to assist in its review. Amin J. Khoury, Chairman and Chief Executive Officer of KLX, stated, “In light of certain inquiries received, our Board concluded that it is in the
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