Boeing Co. on Tuesday said it would buy plane-parts specialist KLX Inc. for $3.2 billion, boosting the aerospace giant’s push for a bigger slice of the lucrative aircraft-servicing business.
The world’s No. 1 plane maker said it would pay $63 a share for KLX and take on about $1 billion in net debt. The Wall Street Journal previously reported Boeing was close to clinching the deal amid competition, including from at least one private-equity firm, after KLX said in December it had initiated a sales process.
...