---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-149114"
form_type: "8-K"
ticker: "DNOW"
cik: "0001599617"
company_name: "DNOW Inc."
filed_at: "2025-06-26T23:59:59+00:00"
generated_at: "2026-05-18T17:52:05.525325+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-149114
- form_type: 8-K
- ticker: DNOW
- cik: 0001599617
- company_name: DNOW Inc.
- filed_at: 2025-06-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1599617/000119312525149114/0001193125-25-149114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1599617/000119312525149114/d904394d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-149114
- JSON: https://secwatch.observer/filing/0001193125-25-149114.json
- Plain text: https://secwatch.observer/filing/0001193125-25-149114.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.