KLX collecting final bids
19 April 2018 - 12:00 am UTC
KLX [NASDAQ:KLXI], the Wellington, Florida-based aerospace company exploring a sale, is taking final bids this week from suitors, said four sources briefed on the matter.
In December, the distributor and service provider of aerospace fasteners and consumables announced it had started a strategic alternatives process in response to inquiries from unnamed parties. Goldman Sachs and Freshfields Bruckhaus Deringer are advising.
Two of the sources said at least one private equity firm is still studying KLX. One of these sources and two of the other sources noted aerospace giant Boeing [NYSE:BA] is also circling the company.
KLX and Boeing declined to comment.
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By Richard Tekneci in New York and Claudia Montoto in Chicago
