KLX Energy Services Holdings, Inc.

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KLX Energy Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of KLX Energy Services Holdings, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm

May 4, 2020.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) and Quintana Energy Services, Inc. is fair to KLX Energy shareholders.

On May 4, 2020, KLX and Quintana announced that they have entered into a definitive agreement whereby the companies would combine in an all-stock merger transaction. Per the agreement, Quintana shareholders would receive 0.4844 shares of KLX common stock for each share of Quintana common stock they own. Upon closing, KLX and Quintana shareholders would, respectively, own approximately 59% and 41% of the equity of the combined company on a fully diluted basis. The proposed transaction is subject to approval by KLX shareholders.

The investigation concerns whether KLX and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) determine whether KLX is overpaying for Quintana; (2) conduct a fair sales process; and (3) disclose all material information necessary for KLX shareholders to adequately assess and value the proposed transaction.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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