KLX stock up 9% after company says it is exploring 'strategic alternatives' [MarketWatch]
KLX INC COMMON (KLXI)
Last klx inc common earnings: 3/6 02:00 am
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Source: MarketWatch
KLX stock up 9% after company says it is exploring 'strategic alternatives' Shares of KLX Inc. KLXI, -0.32% rose more than 9% late Friday after the company said it is to explore "strategic alternatives" for its future, which could include a sale, a sale of a division or divisions of the company, a deal, or continuing as a standalone, it said in a statement. KLX, which makes aerospace fasteners and other products, has hired Goldman Sachs as financial adviser. "We remain confident in KLX's strategic plan and the significant growth opportunities available to us. At the same time, we are open-minded and willing to consider any path that maximizes value for our shareholders," Chief Executive Amin J. Khoury said. Shares ended the regular trading day down 0.3% and had been halted for part of the late session.
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