WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of KLX Inc. (NASDAQ GS: KLXI)?
- Did you purchase any of your shares prior to May 1, 2018?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of KLX Inc. (“KLX” or the “Company”) (NASDAQ GS: KLXI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to sell its Aerospace Solutions Group (“ASG”) to The Boeing Company (“Boeing”) (NYSE: BA) for $63.00 per share in cash. Upon closing of the transaction, ASG will become part of the Boeing Global Services’ business. Boeing’s acquisition of KLX is conditioned upon the successful divestment and separation of KLX’s Energy Services Group (“ESG”).
If you own common stock of KLX and purchased any shares before May 1, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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