WeissLaw LLP Investigates KLX, Inc.

NEW YORK, May 2, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of KLX, Inc. ("KLXI" or the "Company") (NASDAQ: KLXI) in connection with the proposed sale of the Company's Aerospace Solution business to The Boeing Company(the "Boeing Company").  Under the terms of the acquisition agreement KLXI shareholders will receive $63.00 in cash for each share they own.  The Company's Energy Service group will be spun-off to KLXI shareholder.  An analyst has estimated the value of the Energy Service group at $6.80 per share, making a total consideration for the Company of $69.80. 

WeissLaw is investigating whether KLXI's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $82.00 per share, or $12.20 above the offer price. 

Given these facts, WeissLaw is investigating whether KLXI's Board acted in the best interests of KLXI's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own KLXI shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.comor fill out the form on our website, http://www.weisslawllp.com/klx-inc/

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SOURCE WeissLaw LLP