The Boeing Co. says it has entered into a definitive agreement to acquire KLX Inc., a Florida-based aerospace parts distributor, as part of its drive to boost its global services business.
Today’s announcement comes just a few days after The Wall Street Journal reported that such a deal was in the works. The agreement involves an all-cash transaction for $63 a share as well as the assumption of about $1 billion of net debt, for a total of $4.25 billion, Boeing said.
