Merger activity increased last week with three new deals announced, four deals closing and one deal terminated.
After a three-week lull, merger activity picked up again with three new deals announced. The hard-hit energy services industry saw the merger of KLX Energy Services Holdings (KLXE) with Quintana Energy Services (QES) in an all-stock transaction. Both companies have seen their stocks decline sharply this year with KLXE down 80% this year and QES down more than 77%. As we have written several times in the past, the segment of the energy industry that will be the