Dnow and mrc global to combine in all-stock transaction creating a premier energy and industrial solutions provider

Houston--(business wire)--dnow inc. (nyse: dnow) (“dnow” or “the company”) and mrc global inc. (nyse: mrc) (“mrc global”) today announced that they have entered into a definitive merger agreement pursuant to which dnow will acquire mrc global in an all-stock transaction valued at approximately $1.5 billion, inclusive of mrc global's net debt, creating a premier energy and industrial solutions provider. the combination brings together two global energy and industrial infrastructure organizations.
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