DNOW to acquire MRC Global in $1.5B all-stock merger; expects $70M annual cost synergies

DNOW Inc.

MRC shareholders receive 0.9489 DNOW shares per MRC share; 8.5% premium to MRC's 30-day VWAP of $12.77.
Transaction valued at approximately $1.5B, including MRC Global's net debt.
Expected to realize $70 million of annual cost synergies within three years of closing.
Combined company will have over 350 service and distribution locations across more than 20 countries.
DNOW secured $250M committed incremental debt financing on existing ABL facility, raising total to $750M.

item 1.01item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.