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    Boeing will acquire KLX Inc. for further service growth

    Boeing has entered a definitive agreement to acquire KLX Inc. for $4.25bn.

    The acquisition will strengthen Boeing's services business and will include KLX Inc.'s Aerospace Solutions Group.

    The agreement is made of an all-cash transaction for $63 per share and the assumption of approximately $1bn of net debt, which totals $4.25bn.

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