NEW YORK, NY / ACCESSWIRE / May 4, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Quintana Energy Services, Inc. ("Quintana" or the "Company") (NYSE:QES) stock prior to May 3, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Quintana with KLX Energy Services Holdings, Inc. ("KLXE") (NASDAQ:KLXE). Under the terms of the merger, Quintana shareholders will receive 0.4844 shares of KLXE common stock for each share of Quintana common stock. The combined company will retain the name KLX Energy Services and the listing on Nasdaq under the ticker "KLXE". Following the merger, KLXE and Quintana shareholders will, respectively, own approximately 59% and 41% of the equity of the combined company on a fully diluted basis. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Quintana merger investigation concerns whether the Board of Quintana breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Quintana relative to KLXE, thereby harming Quintana shareholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP