B/E Aerospace Completes Fastener Business Spinoff
December 19
00:00
2014
FEATURES
B/E Aerospace completed its spinoff of aerospace fastener distributorship formerly known as B/E Aerospace Consumables Management.
The new company, KLX Inc., began trading on the NASDAQ under the ticker symbol “KLXI”.
KLX will begin operating as KLX Aerospace Solutions starting January 1, 2015.
B/E Aerospace immediately traded 25% lower to account for the spinoff of KLX, as the shares will no longer reflect the value of the new stand-alone company.
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