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.(…)
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